Jet Fuel Price Jumps; Commercial LPG Slips Again
ECONOMY & POLICY

Jet Fuel Price Jumps; Commercial LPG Slips Again

Aviation turbine fuel (ATF) became markedly dearer on 2 July as state owned retailers raised the price by Rs 6,271.50 a kilolitre, lifting the Delhi rate to Rs 89,344.05 a kl—a 7.5 per cent jump that reverses roughly half the reductions secured since April. Mumbai now pays Rs 83,549.23 a kl, while Chennai and Kolkata face Rs 92,526.09 and Rs 92,705.74 respectively; variations reflect local VAT.

The increase follows a surge in global oil benchmarks after Israel’s recent strike on Iran and will squeeze airlines, for whom fuel accounts for about 40 per cent of operating costs. Carriers have yet to comment on any immediate fare impact.

In contrast, the price of the 19 kg commercial LPG cylinder—used in restaurants and other establishments—fell for a fourth consecutive month. Oil companies trimmed Rs 58.50 per bottle, taking Delhi’s tariff to Rs 1,665 and Mumbai’s to Rs 1,616.50. The cumulative cut since April now stands at Rs 138, a relief credited to subdued summer demand in international LPG markets.

Domestic cooking gas prices remained unchanged at Rs 853 for a 14.2 kg cylinder after a Rs 50 rise in April, and motor fuel rates have been frozen since a Rs 2 a litre reduction in March 2024. Petrol in Delhi stays at Rs 94.72 a litre and diesel at Rs 87.62.

Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum adjust ATF and LPG on the first of every month, basing revisions on the previous month’s average international prices and exchange rates. 

Aviation turbine fuel (ATF) became markedly dearer on 2 July as state owned retailers raised the price by Rs 6,271.50 a kilolitre, lifting the Delhi rate to Rs 89,344.05 a kl—a 7.5 per cent jump that reverses roughly half the reductions secured since April. Mumbai now pays Rs 83,549.23 a kl, while Chennai and Kolkata face Rs 92,526.09 and Rs 92,705.74 respectively; variations reflect local VAT.The increase follows a surge in global oil benchmarks after Israel’s recent strike on Iran and will squeeze airlines, for whom fuel accounts for about 40 per cent of operating costs. Carriers have yet to comment on any immediate fare impact.In contrast, the price of the 19 kg commercial LPG cylinder—used in restaurants and other establishments—fell for a fourth consecutive month. Oil companies trimmed Rs 58.50 per bottle, taking Delhi’s tariff to Rs 1,665 and Mumbai’s to Rs 1,616.50. The cumulative cut since April now stands at Rs 138, a relief credited to subdued summer demand in international LPG markets.Domestic cooking gas prices remained unchanged at Rs 853 for a 14.2 kg cylinder after a Rs 50 rise in April, and motor fuel rates have been frozen since a Rs 2 a litre reduction in March 2024. Petrol in Delhi stays at Rs 94.72 a litre and diesel at Rs 87.62.Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum adjust ATF and LPG on the first of every month, basing revisions on the previous month’s average international prices and exchange rates. 

Next Story
Infrastructure Transport

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Next Story
Infrastructure Transport

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

Next Story
Infrastructure Transport

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?