Home Business The price of jet fuel has risen 3%; LPG, petrol and diesel prices remain unchanged

The price of jet fuel has risen 3%; LPG, petrol and diesel prices remain unchanged

by the owl speaks

Saturday’s jet fuel or ATF price increased by 3 percent, the fifth straight rise in two months, though cooking gas prices LPG, petrol and diesel did not change.

Aviation turbine fuel (ATF) prices increased by Rs 1,304.25 per kilolitre, or 3 percent in the national capital, to Rs 43,932.53 per kilometre, according to a state-owned oil companies price notification.

The last hike of the ATF price on July 16 was 1.5 per cent or Rs 635.47 per kl. It has been the fifth straight increase since June. Rates rose by Rs 22,483.91 per kl in four hikes.

The prices were hiked by a record 56.6% (Rs 12,126.75 per kl) on June 1 , followed by an rise of Rs 5,494.5 per kl (16.3%) on June 16. Price was hiked by Rs 2,922.94 per kl or 7.48 per cent on July 1.

ATF prices are revised on the 1st and 16th of each month based on an average of the previous fortnight ‘s international market prices and foreign exchange rates.

On Saturday, rates of petrol and diesel, which are revised regularly, were kept unchanged.

For over a month now the petrol price hasn’t changed. It has been selling in the national capital since June 29 for Rs 80.43 a litre.

On the other hand, Diesel has seen occasional revisions to the prices. It currently sells in the national capital 73.56 per litre for Rs.

During June 7 and June 29, petrol prices fell by Rs 9.17 per litre, while diesel levels increased by Rs 12.55 per litre as of June 7. On Saturday, cooking gas levels remained unchanged too.

 

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