Aviation turbine fuel price hiked to record levels
Ahead of the presentation of Union Budget 2022-23 by Finance Minister Nirmala Sitharaman, sources on Tuesday informed that Air travel is likely to get more expensive as Aviation turbine fuel (ATF) or jet fuel prices have been hiked to record levels.
As per the latest information, ATF price has been hiked by a steep 8.5 percent. Meanwhile, the petrol and diesel prices remained unchanged for the consecutive 88th day.
According to a price notification, jet fuel price was raised by Rs 6,7843.25/kl or 8.5 % to Rs 86,038/kl in Delhi. With this ATF price touched an all-time high. Brent crude oil price reached USD 147/barrel, said sources.
The hike will most probably put pressure on the already debilitated balance sheets of the airline as Tuesday's price hike is the third hike in a month.
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Earlier, on January 1, the prices were increased by Rs 2,039.63/kl or 2.75% to Rs 76,062.04/kl. Following this, the rates were again hiked on January 16 by Rs 3,232,87/kl or 4.25 percent to Rs 79,294.91/kl.
Meanwhile, the National oil marketing companies also released the prices of the liquified petroleum gas (LPG) cylinder on the day.
The OMC's reduced commercial the price of commercial 19 kg LPG cylinder by ₹91.50, which is effective from Tuesday, the news agency ANI reported. The commercial cylinder will now cost ₹1,907 in Delhi, ANI further reported.
On February 1, the rate of non-subsidised (14.2 kg) Indane domestic cylinder in Delhi is Rs 899.50 while the people of Kolkata will get a domestic LPG cylinder of 14.2 kg for Rs 926. In Mumbai, the price of a non-subsidised LPG cylinder will be the same as in Delhi, while in Chennai it will cost Rs 915.50.
Meanwhile, there has been no change in the price of non-subsidised domestic LPG cylinders since October. Likewise, the rates of petrol and diesel are stable since November.
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-PTC News
