ATF Price Hike: Oil marketing companies have given a big blow to airline companies by increasing ATF prices. ATF prices have been increased by ₹6,271.5/KL.
Oil marketing companies have given a big blow to airline companies by increasing the prices of Aviation Turbine Fuel (ATF). ATF prices have been increased by ₹ 6,271.5/KL. The price of ATF was reduced by ₹ 2414.25/KL last month and by ₹ 3954.38/KL in May. The new rate has come into effect from today.
After this increase, the price of ATF in Delhi has now become 89,344.05/KL, in Kolkata 92,526.09/KL, in Mumbai 83,549.23/KL and in Chennai 92,705.74/KL. The cost of aviation fuel is about 40 percent of the total expenses of airlines.
The increase in ATF prices will increase the expenses of airlines. This has raised the possibility of increase in air fares. However, due to the reduction in ATF prices in the last two months, it does not seem that airlines will increase fares immediately. Globally, ATF prices are linked to crude oil prices. Because it is produced through the refining process (extraction) of crude oil.
Where did the rate decrease by how much
In Delhi, a 19 kg LPG cylinder will now cost Rs 1665 instead of Rs 1723.50. There has been a reduction of Rs 58.50 here. In Kolkata, it has become cheaper by Rs 57 and will now be available for Rs 1769. In Mumbai, the price of commercial cylinder has decreased by Rs 58.50. Now its rate has become Rs 1616. Last month, i.e. in June, it was Rs 1674.50. In Chennai, now you will have to pay Rs 1823.50 for a commercial cylinder. Its price in Patna will be Rs 1929.50 and in Bhopal it will be Rs 1787.50.
Rate cut for fourth consecutive month
This is the fourth consecutive month when prices have been cut. In June, oil companies had cut the price of 19 kg commercial LPG cylinder by Rs 24. In May, it was reduced by Rs 14.50. Earlier on April 1, the price of commercial cylinder was also cut by Rs 41.
No change in domestic LPG cylinder
On the other hand, there has been no change in the price of domestic LPG cylinder. 14.2 kg domestic LPG cylinder will be available at its old price. It is available at Rs 853 in Delhi, Rs 852.50 in Mumbai, Rs 879 in Kolkata and Rs 868.50 in Chennai.