ATF or jet fuel price has been cut marginally while rate of non-subsidised cooking gas LPG has been hiked by Rs 27.50 a cylinder in line with global trends.
Aviation Turbine Fuel (ATF) price in Delhi has been cut by Rs 142.56 per kilolitre, or 0.3 per cent, to Rs 43,041.61 per kilolitre, oil companies announced today.
The reduction comes on the back of 5.5 per cent or Rs 2,245.92 per kilolitre increase in ATF price on October 1.
Rates vary from airport to airport depending on the local sales tax or value-added tax (VAT).
Jet fuel constitutes over 40 per cent of an airline’s operating costs and the price cut will bring marginal relief to the cash-strapped carriers.
No immediate comment was available from airlines on the impact of price reduction on passenger fares.
Simultaneously, the oil firms have also raised prices of non-subsidised LPG, which consumers buy after exhausting their quota of subsidised cooking fuel, by Rs 27.5 per 14.2-kg bottle.
Non-subsidised cooking gas (LPG) now costs Rs 545 in Delhi.
The hike in rate comes on back of four straight monthly reduction. Non-subsidised LPG price was last cut on October 1 by Rs 42 to Rs 517.50 in Delhi.
Prior to that, rates were cut by Rs 25.50 on September 1, Rs 23.50 on August 1 and by Rs 18 per cylinder to Rs 608.50 on July 1.
Non-subsidised or market-priced LPG is one that consumers buy after exhausting their quota of 12 bottles of 14.2-kg each at subsidised rates in a year.
Subsidised LPG costs Rs 417.82 per 14.2-kg cylinder in Delhi.
The three fuel retailers – Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum – revise jet fuel prices and non-subsidised LPG rates once a month.
[“source -financialexpress”]
