- By Aditya Pratap Singh
- Thu, 01 Aug 2024 01:33 PM (IST)
- Source:PTI
The prices of Jet fuel, also known as ATF, were raised by 2 per cent, and commercial LPG used by hotels and restaurants to be Rs 6.5 per 19 kg cylinder costlier in August 2024. The decision was taken in a monthly review of international oil price trends on Thursday. According to a price notification issued by state-owned fuel retailers, the price of aviation turbine fuel (ATF) increased by Rs 1,827.34 per kiloliter or 1.9 per cent to Rs 97,975.72 per kiloliter in the national capital.
This is the second consecutive monthly increase in jet fuel rates. On July 1, ATF prices rose by 1.2 percent (Rs 1,179.37 per km). The rise was followed by a sharp drop of 6.5 per cent (Rs 6,673.87 per km) on June 1.
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In Mumbai, the ATF rate was increased to Rs 91,650.34 per km on Thursday from Rs 89,908.31 earlier. The price varies from state to state depending on the local tax structure. Simultaneously, oil companies hiked the price of commercial LPG by Rs 6.5 to Rs 1,652.50 per 19 kg cylinder. The increase comes after four monthly cuts, the last of which was on July 1 by Rs 30 per cylinder.
Commercial LPG is now priced at Rs 1,605 in Mumbai, Rs 1,764.50 in Kolkata and Rs 1,817 in Chennai. However, the price of cooking gas consumed by households remained unchanged at Rs 803 per 14.2 kg cylinder. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) revise the prices of ATF and cooking gas on the first day of every month based on the benchmark international fuel prices and foreign exchange rates.
Petrol and diesel prices remain unchanged. The rates were reduced by Rs 2 per litre in mid-March. Petrol costs Rs 94.72 per litre in Delhi while diesel costs Rs 87.62 per litre.
(With PTI's Input)