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Commercial LPG cylinder price cut by Rs 58.50 from today, ATF price hiked
Oil marketing companies have cut the price of 19 kg commercial LPG gas cylinders by Rs 58.50, effective 1 July. In Delhi, this brings the new price down to Rs 1,665 per cylinder.
Meanwhile, price of jet fuel (ATF) was sharply increased by 7.5 per cent after three rounds of price cuts.
Aviation turbine fuel (ATF) prices have been raised by Rs 6,271.5 per kilolitre, or 7.5%, reaching Rs 89,344.05 per kilolitre in the national capital, which is home to one of the busiest airports in India, according to state-owned fuel retailers. This price hike comes as a significant reversal, accounting for half of the total reductions made over the past three months.
The last reduction was on June 1, when prices fell by Rs 2,414.25 per kilolitre (2.82%), bringing the rate down to Rs 83,072.55 per kilolitre. Earlier, there were additional cuts of 4.4% (Rs 3,954.38 per kilolitre) on May 1 and a notable 6.15% (Rs 5,870.54 per kilolitre) on April 1.
The recent increase in ATF prices aligns with a rise in international oil prices following Israel’s recent military actions against Iran. This escalation in fuel costs is expected to add financial strain on commercial airlines, which allocate nearly 40% of their operating expenses to fuel.
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