ATF price cut 4.6%; commercial LPG up by ₹39 per cylinder
The Hindu
Jet fuel price reduced by 4.6%, LPG for hotels hiked by ₹39 per cylinder, easing airline costs.
The price of jet fuel or aviation turbine fuel (ATF) was on Sunday (September 1, 2024) reduced by 4.6%, while the rate of commercial LPG used in hotels and restaurants, was hiked by ₹39 per 19-kg cylinder in the monthly revision done in line with international oil price trends.
The ATF price was cut by ₹4,495.5 per kilolitre or 4.58%, to ₹93,480.22 per kl in the national capital, according to state-owned fuel retailers.
The price reduction will help ease the burden on airlines for whom fuel makes up almost 40% of the operating cost.
The reduction follows two rounds of monthly price increases. Jet fuel prices were on August 1 raised by 2% or ₹1,827.34 per kl and by 1.2% (₹1,179.37 per kl). These hikes followed a steep 6.5% (₹6,673.87 per kl) reduction effected on June 1.
The ATF rate in Mumbai was reduced to ₹87,432.78 per kl on Sunday from ₹91,650.34 previously.
Prices differ from State to State depending on the incidence of local taxes.
Alongside, oil firms increased the price of commercial LPG by ₹39 to ₹1,691.50 per 19 kg cylinder.
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