look news india
ATF price hike in August: Due to rising international crude oil prices, the central government has increased the price of aviation turbine fuel (ATF) by 2 percent. Also, the price of commercial gas cylinder (19 kg) used in hotels and restaurants is Rs 20. There has been an increase of Rs 6.5 per cylinder. According to the price notification of government fuel retailers, the price of aviation turbine fuel (ATF) in Delhi is Rs. 1827.34 per kiloliter (1.9 percent increase to Rs 97975.72 per kiloliter).
second consecutive hike
ATF prices have been increased for the second consecutive month. On July 1, ATF prices were increased by 1.2 percent (Rs 1179.37 per kilolitre). Earlier, it was reduced by 6.5 percent (Rs 6673.87 per kilolitre) from June 1. Today, the price of ATF in Mumbai has been increased from Rs. 89908.31 per kilolitre to Rs. 91650.34 per kilolitre. Prices vary in different states depending on local taxes. Oil companies have increased the price of commercial gas cylinders by Rs 5. 6.5 increased to Rs. 1652.50 per 19 kg.
This change takes place on the first of every month
It is worth noting that on the first day of every month, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) fix the price of jet fuel and LPG based on the average price of benchmark international crude oil. Sometimes the price is increased and sometimes a decision is taken to reduce the price. This directly affects the general public. If the price of ATF increases, the airline companies increase the ticket prices to earn their profit and this makes air travel more expensive. The good thing is that the prices of petrol and diesel are stable. In mid-March, the price per liter was reduced by Rs. 2. In Delhi, the price of petrol is Rs. 94.72 per liter while the price of diesel is Rs. 87.62 per liter.
