Report Wire - Jet gasoline value minimize by 12%: Here’s what it prices now

Report Wire

News at Another Perspective

Jet gasoline value minimize by 12%: Here’s what it prices now

2 min read
Jet fuel price cut by 12%: Here’s what it costs now

The value of aviation turbine gasoline (ATF) or jet gasoline was lowered by 12 per cent on Monday, August 1, 2022. This is the second time in a forthnight that jet gasoline costs have been minimize amid softening of world crude oil charges.

According to Indian Oil Corporation’s (IOC) knowledge, the worth of the ATF within the nationwide capital was Rs 1,21,915.57 per kilolitre, down Rs 16,232.36  or 11.75 per cent from Rs 1,38,147.93 per kl.

Among different metros, ATF now prices Rs 1,28,425.21 per kl in Kolkata, Rs 1,20,875.86 in Mumbai and Rs 1,26,516.29 in Chennai.

The jet gasoline costs are revised on the first and sixteenth of each month, primarily based on charges of benchmark worldwide oil charges within the earlier fortnight. On July 16, the ATF costs have been lowered by Rs 3,084.94 per kl, or 2.2 per cent to Rs 1,38,147.93 per kl after peaking at Rs 1,41,232.87 per kl in June.

The jet gasoline costs had risen in India on account of a spike in international crude costs following disruptions in provide chains as a result of ongoing Russia-Ukraine warfare and the weakening of the rupee towards the US greenback, making imports costlier.

Meanwhile, the worth of liquefied petroleum gasoline (LPG) utilized in industrial cylinders was minimize by Rs 36 per cylinder Monday.

Following the discount, the worth of the 19-kg industrial cylinder will now price Rs 1976.50 in Delhi, down from Rs 2012.50 earlier, knowledge accessible on the IOC web site confirmed.

Among different metros, industrial LPG cylinder value in Kolkata stands at Rs 2095.50, Rs 1936.50 in Mumbai and Rs 2141.00 in Chennai, the info confirmed.