 "Delivery man transports LPG cylinders on a cart")
Numerous components, similar to worldwide oil costs, taxation insurance policies, and supply-demand dynamics, play a big position in these pricing selections | (Picture: PTI)
Jet gas, or ATF, worth was on Sunday diminished by 4.6 per cent whereas the speed of economic LPG utilized in resorts and eating places was hiked by Rs 39 per 19-kg cylinder within the month-to-month revision performed in step with worldwide oil worth tendencies.
Aviation turbine gas (ATF) worth was reduce by Rs 4,495.5 per kilolitre, or 4.58 per cent, to Rs 93,480.22 per kl within the nationwide capital, in accordance with state-owned gas retailers.
The value discount will assist ease the burden on airways for whom gas makes up for nearly 40 per cent of the working value.
The discount follows two rounds of month-to-month worth will increase. Jet gas costs had been on August 1 raised by 2 per cent or Rs 1,827.34 per kl and by 1.2 per cent (Rs 1,179.37 per kl). These hikes adopted a steep 6.5 per cent (Rs 6,673.87 per kl) discount effected on June 1.
The ATF charge in Mumbai was diminished to Rs 87,432.78 per kl on Sunday from Rs 91,650.34 beforehand.
Costs differ from state to state relying on the incidence of native taxes.
Alongside, oil companies elevated the worth of economic LPG by Rs 39 to Rs 1,691.50 per 19-kg cylinder.
That is the second straight month-to-month improve. Costs had been hiked by Rs 6.5 per cylinder on August 1. The 2 rounds of improve comply with 4 month-to-month worth reductions. In 4 worth reductions, charges had been reduce by Rs 148 per 19-kg cylinder.
Industrial LPG now prices Rs 1,644 per 19-kg cylinder in Mumbai, Rs 1,802.50 in Kolkata and Rs 1,855 in Chennai.
Charge of cooking fuel utilized in home households, nevertheless, remained unchanged at Rs 803 per 14.2-kg cylinder.
State-owned Indian Oil Company (IOC), Bharat Petroleum Company Ltd (BPCL), and Hindustan Petroleum Company Ltd (HPCL) revise costs of ATF and cooking fuel on the primary of each month primarily based on the typical worth of benchmark worldwide gas and international change charge.
Costs of petrol and diesel proceed to stay frozen. Charges had been reduce Rs 2 per litre in mid-March. Petrol prices Rs 94.72 a litre in Delhi whereas diesel is priced at Rs 87.62.
First Printed: Sep 01 2024 | 6:20 AM IST
