In its latest move to control the rising inflation, the Indian government has also slashed jet fuel prices by 1.3 per cent for the first time this year. The development follows the hike in Aviation Turbine Fuel (ATF) prices in the previous ten rounds. The ATF, which constitutes 40 per cent of the price charged by airlines, is revised on the 1st and 16th of every month. After the latest revision, it costs Rs 120,306.99 per kl in Mumbai, and Rs 126,393 and Rs 125,725.36 respectively in Kolkata annd Chennai. With this price slash, airfares are likely to become cheaper, boosting airline travel—that is currently functioning at only 60 to 70 per cent of capacity.