ATF price cut by 4%; commercial LPG rates slashed marginally
The Hindu
Fuel prices reduced for jet fuel & commercial LPG, easing burden on financially strained airlines.
The price of Aviation turbine fuel (ATF) was cut by 4% on January 1 and commercial cooking gas (LPG) rates were marginally lowered by ₹1.50 per 19-kg cylinder in line with international benchmarks. However, the price of domestic LPG — used in household kitchens for cooking purposes, — remained unchanged at ₹903 per 14.2-kg cylinder.
ATF price was cut by ₹4,162.5, or 3.9%, in the national capital to ₹1,01,993.17 per kl, according to price notifications of state-owned fuel retailers. This is the third straight monthly reduction in jet fuel prices. ATF price was cut by almost 6% (₹6,854.25 per kl) in November and by ₹5,189.25, or 4.6%, in December. These reductions have wiped away almost 45% of the Rs 29,391.08 per kl increase in rates effected in four monthly tranches starting July 1.
Fuel makes up for 40% of an airline's operating cost, and these reductions will help financially stressed airlines.
Oil firms have also reduced the price of commercial LPG — used in various establishments such as hotels and restaurants — by ₹1.50. A 19-kg commercial LPG cylinder will now cost ₹1,755.50 in Delhi and ₹1,708.50 in Mumbai. The price hike follows a ₹39.5 per cylinder reduction in rates effected on December 22.
State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise cooking gas and ATF prices on the 1st of every month, based on the average international price in the previous month.
Petrol and diesel prices were unchanged. . Petrol costs ₹96.72 per litre in Delhi, and diesel costs ₹89.62 per litre. State-owned fuel retailers are supposed to revise petrol and diesel prices daily, based on a 15-day rolling average of benchmark international fuel prices, but they haven't done that since April 6, 2022.
Shares in business computing giant Oracle fell more than 10% on Wednesday on word its revenue missed heady expectations, dampening artificial intelligence euphoria in the market.
When the chairman of AI chip startup Rivos wanted Intel to bid for the company, he had no need to phone the chip giant. That’s because the chairman of Rivos was also Intel’s CEO: Lip-Bu Tan.
The rupee fell 17 paise to 90.11 against the dollar amid risk-averse sentiment and foreign fund outflows.
The U.S. Fed cuts rates for the third time but signals a possible pause ahead amid internal division and economic concerns.
Is India's impressive 8.2% GDP growth sustainable amid structural challenges and IMF's 'Grade C' warning?
Parliament committee recommends reducing time for forest, environmental clearances for coal projects
The paradigm extends to forest approvals as well
HSBC report highlights that Indian stocks remain expensive due to strong corporate structures and increased retail investor participation.
SEBI simplifies re-KYC for NRIs by removing the physical presence requirement, allowing digital verification from abroad.
In 2026, organizations will prioritize data, AI readiness, and "Human-AI chemistry" for transformative advancements amid geopolitical uncertainties.
PM Modi and Piyush Goyal to visit Oman next week to sign a free trade agreement, finalizing key international trade talks.
The rupee fell 9 paise to 89.96 against the U.S. dollar amid negative market trends and ongoing U.S.-India trade talks.
Over 200,000 entities recognized as startups in India, generating over 2.1 million jobs and significant investments.
SpiceJet plans to boost winter operations by adding 100 daily flights to meet rising demand on key routes.