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ATF prices go Up 5.5%, LPG cheaper by Rs 11
Kashmir Times. Dated: 7/1/2016 11:59:13 PM
NEW DELHI, July 1 (Agencies): Aviation turbine fuel (ATF) price was today hiked by 5.5 per cent for the fifth month in a row, but that of non-subsidised cooking gas (LPG) was cut by Rs 11 per cylinder, in line with global trends.
ATF, or jet fuel price, in Delhi was increased by Rs 2,557.7 per kilolitre (kl), or 5.47 per cent, to Rs 49,287.18, the oil companies announced today.
This is the fifth straight monthly increase in rates -- the last being on June 1 when prices were hiked by a steep 9.2 per cent, or Rs 3,945.47, to Rs 46,729.48/kl.
In the five increases, ATF rates have gone up by 25 per cent, or Rs 9,985.87, per kl since March. But the fuel used in aeroplanes is still cheaper than petrol and diesel.
A litre of petrol in Delhi costs Rs 64.76 a litre and diesel is priced at Rs 54.70 compared with Rs 49.28 a litre price of ATF. This is mainly because the government took away most of the gains arising out of the drop in international oil prices by way of raising excise duties on auto fuels.
ATF rates vary at different airports because of differential local sales tax or value-added tax (VAT).
Jet fuel constitutes over 40 per cent of an airline's operating cost and the latest price increase will add to the financial burden of cash-strapped carriers.