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Will Airfares Drop? ATF Price Cut by 6.5% and Commercial LPG Reduced by Rs 69

In the national capital, the price of aviation turbine fuel (ATF) was cut by Rs 6,673.87 per kilolitre, or 6.5 percent, to Rs 94,969.01 per kl.

By Newsd
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Will Airfares Drop

Will Airfares Drop: The price of jet fuel, or ATF, fell by 6.5 per cent on Saturday, while the price of commercial LPG, used in hotels and restaurants, fell by Rs 69 per 19-kg cylinder.

In the national capital, the price of aviation turbine fuel (ATF) was cut by Rs 6,673.87 per kilolitre, or 6.5 percent, to Rs 94,969.01 per kl.

May 1 saw a marginal increase of 0.7 percent (Rs 749.25 per kl).

ATF rates in Mumbai were slashed from Rs 95,173.70 to Rs 88,834.27 per kl.

Depending on the local tax rate, prices vary from state to state.

Furthermore, oil companies lowered the price of commercial LPG by Rs 69 to Rs 1,676 per 19-kg cylinder.

It is the third consecutive monthly reduction in rates. On May 1, the price was reduced by Rs 19 per cylinder and on April 1, it was reduced by Rs 30.5 per cylinder.

However, the price of cooking gas used in domestic households remained unchanged at Rs 803 per 14.2-kg cylinder.

On April 1, the rate for commercial LPG was reduced for the first time since January. The rate had gone up by Rs 14 per cylinder on February 1 and Rs 25.5 on March 1.

Each month, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) revise ATF and cooking gas prices based on the average price of benchmark international fuel and foreign exchange rates.

Petrol costs Rs 94.72 a litre in Delhi, while diesel costs Rs 87.62 a litre. Rates were cut by Rs 2 per litre in mid-March.

Also Read: Petrol and Diesel Price Update: Check the Latest Fuel Rates in Your City on June 1

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