BackATF prices cut by sharp 12%; non-subsidized LPG to cost less
ATF price in Delhi has been reduced to Rs35,126.82 per kl, while non-subsidized cooking gas will now cost Rs575 per 14.2 kg bottle in Delhi
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New Delhi: Aviation turbine fuel (ATF), or jet fuel, on Monday got cheaper by a steep 12% and rates of non-subsidized cooking gas, or LPG, were slashed by ₹ 82.5 per cylinder as global prices continue to tumble. ATF price in Delhi was reduced by ₹ 4,765.5 per kilolitre (kl), or 11.9%, to ₹ 35,126.82 per kl, oil companies said. This is the third straight monthly reduction. Prices were last cut by 10% on 1 January.
Rates vary at different airports because of differential local sales tax or value-added tax (VAT). Jet fuel constitutes over 40% of an airline’s operating cost and the price cut will lighten the financial burden on cash-strapped carriers. No immediate comment was available from airlines on the impact of the price reduction on passenger fares.
Simultaneously, the oil firms cut prices of non-subsidized LPG, which consumers buy after exhausting their quota of 12, by ₹ 82.5 per 14.2 kg bottle. Non-subsidized cooking gas (LPG) now costs ₹ 575 per 14.2 kg bottle in Delhi as against ₹ 657.50 previously. The reduction comes on the back of three consecutive price hikes in as many months. Rates were last hiked by ₹ 49.5 on 1 January. Prior to that, non-subsidized LPG price was raised by ₹ 61.50 on 1 December and by ₹ 27.5 per cylinder on 1 November. Subsidized LPG costs ₹ 419.33 per 14.2 kg cylinder in Delhi.
The three fuel retailers—Indian Oil Corp. Ltd (IOC), Hindustan Petroleum Corp. Ltd (HPCL) and Bharat Petroleum Corp. Ltd (BPCL)—revise jet fuel and non-subsidized LPG prices on the first day of every month, based on the average international price in the preceding month.
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