ATF price cut by 4.5 pc; commercial LPG rate reduced by Rs 25.5
BCCL
Synopsis
In all, rates have been increased 12 times since the start of the year. This has led to rates almost doubling in six months. In August, ATF prices were reduced by 12 per cent. Aviation turbine fuel (ATF) prices were cut by 12 per cent, to Rs 1,21,915.57 which was Rs 138,147.93 per kl on 16 July in Delhi.
By ET Online
Last Updated:
Jet fuel (ATF) prices on Saturday were reduced by 4.5 per cent, reflecting a fall in international oil prices. Aviation turbine fuel (ATF) prices were cut by 25.5 per 19-kg cylinder in Delhi, a price notification of state-run fuel retailers showed. ATF prices are revised on the 1st and 16th of every month based on rates of benchmark international oil rates in the previous fortnight. There was no change in rates on August 1.
This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices.
In all, rates have come down by Rs 494.50 per 19-kg cylinder.
However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder.
This because the rates of domestic cooking gas were way lower than cost and now with a drop in international prices, they are at breakeven, industry sources said.
Commercial LPG rates, on the other hand, have largely been aligned with cost and so they have moved in tandem with rise and fall in international prices.
Simultaneously, the rates of aviation turbine fuel (ATF) were cut marginally by 4.5 per cent.
Jet fuel price was cut by Rs 5,521.17, or 4.5 per cent, to Rs 115,520.27 pr kl in the national capital.
Rates differ from state to state depending on incidence of local taxes.
While commercial LPG rates are revised once a month, ATF prices are changed every fortnight. There was no change in jet fuel prices on September 16. Prior to that, they were cut marginally by 0.7 per cent on September 1.
Petrol and diesel prices, however, continued to remain on freeze for a record near six months. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.
(inputs from PTI)
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The price of a 19-kg commercial LPG cylinder was cut to Rs 1,859.50 in the national capital from Rs 1,885, according to a price notification from state-owned fuel retailers.This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices.
In all, rates have come down by Rs 494.50 per 19-kg cylinder.
However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder.
This because the rates of domestic cooking gas were way lower than cost and now with a drop in international prices, they are at breakeven, industry sources said.
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Commercial LPG rates, on the other hand, have largely been aligned with cost and so they have moved in tandem with rise and fall in international prices.
Simultaneously, the rates of aviation turbine fuel (ATF) were cut marginally by 4.5 per cent.
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Jet fuel price was cut by Rs 5,521.17, or 4.5 per cent, to Rs 115,520.27 pr kl in the national capital.
Rates differ from state to state depending on incidence of local taxes.
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While commercial LPG rates are revised once a month, ATF prices are changed every fortnight. There was no change in jet fuel prices on September 16. Prior to that, they were cut marginally by 0.7 per cent on September 1.
Petrol and diesel prices, however, continued to remain on freeze for a record near six months. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.
(inputs from PTI)
(You can now subscribe to our Economic Times WhatsApp channel)
