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
Real Estate

iWO(R)K

It is commonly believed that technology is the key differentiator between a smart and an ordinary workspace. While that is true on one level, it isn’t the whole truth. Conceptually, smartness as associated with an office has evolved from technological novelty to holistic sustainability, workplaces that not only perform but also inspire, explains Dikshu Kukreja, Managing Principal, CP Kukreja Architects. “A truly smart workplace is not simply a matter of embedding devices or automated systems; it is about creating an ecosystem that balances digital intelligence, ecological sensiti..

Next Story
Technology

Bentley’s AI-Driven Infrastructure Vision

Kaushik Chakraborty, Senior Vice President, Asia Pacific & Japan, Bentley Systems, shares with PRATAP PADODE, Editor-in-Chief, CW, how Bentley is reshaping infrastructure. Through AI, model-centric workflows and innovation, technology is helping deliver projects faster, greener and more efficiently across regions.How does Bentley’s global strategy ensure its solutions meet diverse infrastructure needs?Bentley’s technology is designed to scale globally. Projects large and small – from a hotel in Udevo to a 350-km highway in Australia – demonstrate that technology is no bar..

Next Story
Equipment

Handling the Bottom Line

In a highly competitive construction environment, efficient material handling is “the silent engine of profitability”, to quote Vaibhav Kulkarni, General Manager Projects, JP Infra Realty. “It’s not just about moving materials from A to B but developing a strategy to minimise touchpoints, reduce waste and maximise spends.”Planning stageBefore investing in material, Kulkarni recommends designing the material flow. “Map the journey of major materials from the delivery point to their final placement,” he recommends. While doing this, “minimise double-handling and identif..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?