ATF Price: While many were taken aback by the surge in commercial gas prices on Budget Day, there’s some good news for the aviation industry. State-owned oil firms have slashed the price of Aviation Turbine Fuel (ATF), or jet fuel, by almost Rs 1,000 per kiloliter. As a result, ATF prices in Delhi have dropped from Rs 92,323.02 to Rs 91,393.39 per kiloliter. This price cut is also likely to result in lower airfares.

This drop in ATF prices is a huge advantage for airlines, considering that fuel makes up about 40% of their overall operating expenses. Experts think that with cheaper fuel, airlines will see better profits and might even stabilize airfares down the line.

How much did the rate decrease?

According to IOCL data, ATF prices in Delhi have decreased from Rs 92,323.02 to Rs 91,393.39 per kiloliter. In Kolkata, jet fuel prices for domestic flights have dropped by Rs 932.4 to Rs 94,445.62 per kiloliter. Meanwhile, in Mumbai, jet fuel prices for domestic flights have fallen by Rs 877.56 to Rs 85,474.63 per kiloliter.

LPG gas cylinder becomes expensive

State-owned oil companies have raised the price of 19-kilogram commercial LPG cylinders by as much as Rs 50. This price hike took effect this morning. Commercial cylinders are typically used in hotels, restaurants, and dhabas.

What happened to its price in Delhi?

According to information received from the website of the state-owned company Indian Oil (IOC), the price of a 19 kg confectionery or commercial cylinder in Delhi has been increased by Rs 49. The commercial cylinder in Delhi now costs Rs 1740.50. Before today, its price was Rs 1691.50. However, there has been no change in the price of a 14.2 kg LPG cylinder used in ordinary households. Its price for ordinary consumers in Delhi still remains Rs 853. Bharat Petroleum and Hindustan Petroleum also follow this price.