Aviation Turbine Fuel prices hiked by 5.5% whereas LPG Cylinders get Cheaper


New Delhi: The administration has increased prices of Aviation Turbine Fuel (ATF) by 4.9-5.7 percent in June. This follows a steep put in of 9.2 percent at the commencement of June. The prices of ATF in Delhi at the present stand at Rs 49,287/kl from Rs 46,729/kl. The overall price boost totals about 23 percent as January 1, 2016 and are currently the uppermost since July 2015.

Short fuel price and fixed cost aided trade of aviation companies during most of previous year. Though, as turbine fuel constitutes 35 percent of operating costs for airlines the steep rise this almanac year are predictable to consider down their earnings. Allowing for local levies, the market price of non-subsidised LPG (liquefied petroleum gas) cylinder of 14.4 kg is currently Rs 606.50 in Delhi, Rs 636.50 in Kolkata, Rs 618.50 in Mumbai and Rs 621 in Chennai. This is the subsequent straight rise in non-subsidised cuisine gas rates. Prices were increased by Rs. 27.5 on November 1. The oil marketing companies (OMCs) have condensed petrol and diesel prices in the general capital by 58 paise per litre and 25 paise per litre respectively. OMC officials conveyed that, the increase in LPG cylinder charge was due to a hardening of worldwide rates that has also led to the financial support being paid on cooking gas going up from Rs 127.18 to Rs 188.68 per cylinder. The administration financial assistance on cooking gas is salaried straight into consumers’ bank accounts.