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.

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