Sunday, February 5, 2023

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Air travel to become cheaper! Jet fuel prices cut by 4.5%; commercial LPG rates down Rs 25.5

New Delhi: Jet fuel (ATF) price on Saturday was reduced by 4.5 per cent and that of commercial LPG used in hotels and restaurants by Rs 25.5 per 19-kg cylinder. This showed a fall in international energy and oil prices.

The price of a 19-kg commercial LPG cylinder was slashed to Rs 1,859.50 in the New Delhi from Rs 1,885, according to a price notification from state-owned fuel retailers.
It is estimated that rates have come down by 494.50 per 19-kg cylinder.

This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices.

However, price of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder.

This is because the rates of domestic LPG were way lower than the cost and now with a drop in international prices, they are at breakeven, industry sources said.

Commercial LPG prices, on the other hand, have largely been aligned with cost and so they have moved in tandem with rise and fall in international rates.

Simultaneously, the rates of ATF (Aviation Turbine Fuel) were cut marginally by 4.5 per cent.

Jet fuel price was cut by Rs 5,521.17, or 4.5 per cent, to Rs 115,520.27 pr kl in New Delhi.

Rates may differ from state to state depending on incidence of local taxes.

While commercial LPG rates are revised once a month, ATF prices are changed every fortnight. There was no change in jet fuel prices on September 16. Prior to that, they were cut marginally by 0.7 per cent on September 1.

Petrol and diesel prices, however, continued to remain on freeze for a record near six months. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.

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