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Jet Fuel Price Cut By 2.2% On Fall In International Crude; Rates Off Peak

Jet Fuel Price Cut By 2.2% On Fall In International Crude; Rates Off Peak


Jet Fuel Price Cut By 2.2% On Fall In International Crude; Rates Off Peak

ATF worth decreased by 2.2%; charges off their peak

New Delhi:

Jet gasoline (ATF) costs on Saturday had been decreased by 2.2 per cent, reflecting a fall in worldwide oil costs.

Aviation turbine gasoline (ATF) costs had been lower by Rs 3,084.94 per kilolitre, or 2.2 per cent, to Rs 138,147.93 per kl, a worth notification of state-run gasoline retailers confirmed.

That is solely the second discount in charges this 12 months. Costs had peaked to Rs 141,232.87 per kl (Rs 141.23 per litre) final month.

ATF costs are revised on the first and 16th of each month based mostly on charges of benchmark worldwide oil charges within the earlier fortnight.

There was no change in charges on July 1.

Previous to that, costs had been hiked by the steepest ever 16 per cent to catapult charges to an all-time.

Worldwide oil costs have softened since on fears of recession in main economies. Oil costs are at pre-Ukraine warfare ranges.

On June 16, the worth of ATF — the gasoline that helps aeroplanes fly — was elevated by Rs 19,757.13 per kl. That adopted a marginal 1.Three per cent (Rs 1,563.97 per kl) lower in fee on June 1.

However for the one-off lower on June 1, ATF costs have been on the rise all through 2022.

In all, charges have been elevated 11 instances because the begin of the 12 months. This has led to charges virtually doubling in six months.

Previous to the lower on Saturday, costs had gone up by 91 per cent (Rs 67,210.46 per kl) since January 1.  With jet gasoline making up virtually 40 per cent of the working value of an airline, the rise in costs had resulted in an increase in the price of flying. Now there was a marginal reduction.

In the meantime, petrol and diesel costs remained unchanged at Rs 96.72 per litre and Rs 89.62 a litre, respectively.

An excise responsibility lower by the federal government had helped cut back the worth of petrol by Rs 8.69 a litre and diesel by Rs 7.05 per litre on Could 22. However for that, the bottom worth has remained unchanged since April 6.

Earlier than that, costs had risen by a file Rs 10 per litre every.

The retail costs of petrol, diesel and home cooking fuel are approach beneath the fee. Petrol and diesel charges are revised every day, based mostly on equal charges within the worldwide market.



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