Jet fuel or ATF prices rose 3.7 percent on Friday. This is the third time in a month that oil prices have risen internationally when the price of aviation fuel has risen. The price of aviation turbine fuel (ATF) in the national capital rose by Rs 1,61.6..62 per kg or 3.699 per cent to Rs 50,978.7886 per kg, according to a statement from public sector retailers. .
This is the third increase in 32 days
This is the third increase in prices since December, before the 1 December increase, the price was 6.6 per cent (Rs 3,26.36 per kg) and the 1st December 6.3 per cent (2,941.5 per kg) ) Was increased. The price of ATF is reviewed on the first and 16th of each month based on the last fortnightly international standard price and the foreign exchange rate. On Friday, the price of ATF in Mumbai rose from Rs 47,266.02 per kiloliter to Rs 49,083.65. ATF prices vary from state to state according to local taxes.
ATF is about 40 percent of the airline’s operating expenses
The ATF is trying to offset the effects of the Covid-19 epidemic and the “lockdown” imposed to prevent it, about 40 percent of the airline’s operating costs. In such a situation, raising the price of aircraft fuel will impose additional burden on the airline. According to the notification, there was no change in the price of LPG on Friday. Earlier, an increase of Rs 100 was made last month.
AThe price of LPG cylinder will be Rs 694
The price of a 14.2 kg LPG cylinder without subsidy will remain at Rs 694. The price was stable at Rs 594 per cylinder from July before the price hike in December. Subsidized LPG cylinders were being supplied to the customer at the same rate. Since May, most LPG consumers have not received subsidies because the difference in subsidized LPG cylinders and its market price has decreased due to the increase in LPG filling rates as international oil prices have fallen.
In June 2019, the price of a subsidized LPG cylinder in Delhi was Rs 497. Since then the prices have risen together with Rs 147 crore. However, the price hike in December means the government will have to re-subsidize consumers. Petrol and diesel prices remained unchanged for the 25th day in a row. The prices of these fuels are reviewed on a daily basis. In Delhi, a liter of petrol costs Rs 83.71 and diesel Rs 73.87