Aviation turbine fuel (ATF) price was raised by 1.2%

02 Jul 2024 CW Team

In keeping with global patterns in oil prices, the price of commercial LPG, which is used by hotels and restaurants, was reduced by Rs 30 per 19-kg cylinder on Monday, while the price of jet fuel, or ATF, increased by 1.2%. In the national capital, the price of aviation turbine fuel (ATF) increased by Rs 1,179.37 per kilolitre, or 1.2%, to Rs 96,148.38 per kl, as per a pricing announcement from state-owned fuel merchants. The rise came after a sharp 6.5% (or Rs 6,673.87 per kilo) decrease on June 1. Mumbai's ATF tariff went up from Rs 88,834.27 to Rs 89,908.30 per kilo. State-by-state variations in prices are caused by the prevalence of municipal taxes. In tandem, commercial LPG was priced at Rs 1,646 per 19-kg cylinder, a reduction of Rs 30 for oil companies. Rates have dropped for the fourth consecutive month. On June 1, the cost was reduced by Rs 69 per cylinder. Rates have already been lowered by Rs 19 per cylinder on May 1 and Rs 30.5 on April 1. However, the cost of cooking gas in residential homes stayed the same at Rs 803 for a 14.2-kg cylinder. Every month on the first, the state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd. (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL) adjust the pricing of cooking gas and ATF depending on the foreign currency rate and the average price of benchmark international fuel. The cost of gas and diesel is still frozen. Rates had been cut by Rs 2 per litre in mid-March. Petrol costs Rs 94.72 a litre in Delhi, had been cut by Rs 2 per litre in mid-March.

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..