1 hr ago
Aviation Fuel, Commercial LPG Prices Rise on Global Benchmarks
Fuel for airplanes became more expensive on Thursday.
Aviation turbine fuel rose from Rs 121 to Rs 137 per litre.
This fuel can make up as much as 40% of an airline’s operating costs.
The price of gas cylinders used by businesses also went up by Rs 62.59.
The price of cooking gas used in homes did not change.
Petrol and diesel prices did not change either.
Oil companies said the increases followed international energy prices and currency movements.
Prices may differ between states because of local taxes.
Aviation turbine fuel prices rose by Rs 16 per litre to Rs 137 for domestic airlines.
Commercial LPG prices increased by Rs 62.59 per 19-kg cylinder.
State-owned oil companies attributed the increases to international benchmark prices and the rupee-dollar exchange rate.
Household LPG prices stayed unchanged at Rs 942 per 14.2-kg cylinder.
Petrol and diesel prices also remained unchanged after increases of about Rs 7.50 per litre in May.
- Who
- State-owned oil companies announced the changes, affecting domestic airlines, businesses using commercial LPG, and other fuel consumers.
- What
- Aviation turbine fuel rose by Rs 16 per litre, and commercial LPG rose by Rs 62.59 per 19-kg cylinder.
- Where
- The revisions apply to domestic fuel markets, with prices varying across states because of local taxes.
- When
- The changes took effect on Thursday, as part of the monthly price revision.
- Why
- The oil companies cited movements in international benchmark prices and the rupee-dollar exchange rate.
Key facts
- New ATF price
- Rs 137 per litre, up from Rs 121
- ATF increase
- Rs 16 per litre
- Commercial LPG increase
- Rs 62.59 per 19-kg cylinder
- Domestic LPG price
- Unchanged at Rs 942 per 14.2-kg cylinder
- Airline cost impact
- ATF accounts for up to 40% of airlines’ operating costs
- Price revision schedule
- ATF and LPG prices are revised on the first day of each month
- Other fuel prices
- Petrol and diesel remained unchanged
Sources
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