ATF price increased by 4.2 pc, commercial LPG rates cut by Rs 115.5 – The New Indian Express | Biden News


From PTI

New Delhi, Nov 1 (PTI) The price of jet fuel (ATF) on Tuesday was hiked by 4.2 per cent, but that of commercial LPG used in non-residential establishments like hotels and restaurants was cut by Rs 115.5 per 19- kg cylinder reflecting global. energy trends.

Aviation turbine fuel (ATF) price was hiked by Rs 4,842.37 per kilolitre, or 4.19 percent, to Rs 120,362.64 per kl in the national capital, according to a price notification by state-run fuel retailers.

This reverses a 4.5 percent cut in jet fuel prices that took place last month.

Separately, the oil companies have reduced the price of a 19-kg commercial LPG cylinder to Rs 1,744 from Rs 1,859.50 in the national capital.

This is the seventh reduction in the price of commercial LPG since June, in step with a softening of international energy prices.

Overall, rates have come down by Rs 610 per 19-kg cylinder.

However, rates of LPG used in domestic kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder.

This is because domestic cooking gas rates were much lower than cost and now with a fall in international prices, they are on the break, industry sources said.

Commercial LPG rates, on the other hand, were mostly aligned with cost and hence they moved in tandem with the rise and fall of international prices.

Rates differ from state to state depending on the impact of local taxes. Prices are benchmarked to international jet fuel and LPG rates, which do not necessarily move in sync with each other.

Prices are determined by global demand and supply situation. While commercial LPG rates are revised once a month, ATF prices are changed every fortnight.

But there was no change in jet fuel prices on October 16. Before that, they were cut 5,521.17, or 4.5 percent, on October 1 and by 0.7 percent on September 1.

The prices of petrol and diesel, however, continued to remain frozen for a record close to seven months.

Petrol costs Rs 96.72 per liter in the national capital and diesel comes at Rs 89.62.


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