OMCs hike ATF price by 1.2%, cut commercial LPG price by Rs 30

https://psuwatch.com/ India 02-07-2024 Share OMCs hike ATF price by 1.2%, cut commercial LPG price by Rs 30

ATF Price Increased by 1.2 Percent, Commercial LPG Reduced by Rs 30 per 19-kg Cylinder

New Delhi: Aviation Turbine Fuel (ATF) or jet fuel prices have increased by 1.2 percent, while the cost of commercial LPG used by hotels and restaurants has been reduced by Rs 30 per 19-kg cylinder, effective Monday. This price revision aligns with international oil price trends. The ATF price was hiked by Rs 1,179.37 per kilolitre (kl), or 1.2 percent, to Rs 96,148.38 per kl in the national capital, according to a price notification issued by state-owned oil marketing companies.

ATF Price in Mumbai Increases to Rs 89,908.30 per kl

In Mumbai, the ATF rate increased to Rs 89,908.30 per kl from Rs 88,834.27. Prices vary from state to state due to the incidence of local taxes.

Cooking Gas Prices

Simultaneously, oil companies reduced the price of commercial LPG by Rs 30 to Rs 1,646 per 19-kg cylinder. This marks the fourth consecutive monthly reduction in rates. The price was last cut by Rs 69 per cylinder on June 1. Prior to that, rates were reduced by Rs 19 per cylinder on May 1 and by Rs 30.5 on April 1. The price of cooking gas used in domestic households remains unchanged at Rs 803 per 14.2-kg cylinder.

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) revise prices of ATF and cooking gas on the 1st of every month based on the average price of benchmark international fuel and the foreign exchange rate.

Petrol and Diesel Prices

Prices of petrol and diesel remain unchanged. Rates were last reduced by Rs 2 per litre in mid-March. Petrol costs Rs 94.72 per litre in Delhi, while diesel is priced at Rs 87.62.

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