According to a notification from state-owned fuel retailers, the price of Aviation Turbine Fuel (ATF) in the national capital has gone up by ₹1,476.79 per kilolitre, representing a 1.65% increase, bringing the new cost to ₹90,779.88 per kl.
Today, the price of Jet fuel or Aviation Turbine Fuel (ATF) experienced its first rate hike in four months, rising by 1.65 per cent. This increase amounts to ₹1,476.79 per kilolitre, bringing the new price to ₹90,779.88 per kl in the national capital, as reported in a price notification issued by state-owned fuel retailers. This adjustment comes after a period of reductions due to the decline in oil prices.
The rates of jet fuel, which differ from state to state based on local sales tax or VAT, have been raised due to the strengthening of global prices after a continuous decline over the past four months. In the last four monthly revisions, jet fuel prices had been consistently reduced on the first of each month, with the most recent reduction of ₹6,632.25 per kl taking place on June 1.
Meanwhile, the prices of commercial LPG, utilized in establishments like hotels and restaurants, remained unchanged in Delhi but saw slight increases in Mumbai, Kolkata, and Chennai.
In the national capital, the price of a 19-kg commercial LPG cylinder remained steady at ₹1,773. However, in Mumbai, the rate increased by ₹8.50 per cylinder, reaching ₹1,733.50. In Kolkata, there was an increase of ₹20 per cylinder, resulting in a new price of ₹1,895, while in Chennai, the price rose by ₹8, bringing it to ₹1,945 per 19-kg cylinder. According to industry officials, these rate adjustments were mainly influenced by local taxes and transportation costs.
Over the course of three previous monthly revisions, commercial LPG rates had been reduced, with prices decreasing by ₹346.5 per 19-kg cylinder. On the other hand, the price of domestic LPG, used for cooking purposes in the kitchen, remained unchanged at ₹1,103 per 14.2-kg cylinder in the national capital.
The domestic LPG rates were previously modified on March 1, wherein they were increased by ₹50 per cylinder. The state-owned companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) regularly adjust the prices of cooking gas and Aviation Turbine Fuel (ATF) on the 1st of each month, based on the average international price from the previous month.
As for petrol and diesel prices, they have remained unchanged for a remarkable 15 consecutive months. In the national capital, petrol is priced at ₹96.72 per litre, and diesel costs ₹89.62.
According to regulations, state-owned fuel retailers are required to revise petrol and diesel prices daily, considering a 15-day rolling average of international fuel benchmarks. However, they have not followed this practice since April 6, 2022.
The most recent price change occurred on May 22, when the
government reduced excise duty to provide relief to consumers from the high
retail rates caused by the surge in international oil prices.
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