Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Jet fuel, or ATF, price on Sunday was hiked by 1.45 per cent and rates of commercial LPG used in hotels and restaurants increased by Rs 16.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. The aviation turbine fuel (ATF) price was increased by Rs 1,318.12 per kilolitre, or 1.45 per cent, to Rs 91,856.84 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. This is the second straight monthly increase in jet fuel prices. Rates were increased by Rs 2,941.5 per kl (3.3 per cent) on November 1. That hike came after two rounds of reduction which had taken the rates to their lowest level this year. ATF price on October 1 was cut by 6.3 per cent (Rs 5,883 per kl) and by Rs 4,495.5 per kl, or 4.58 per cent on September 1. The ATF price in Mumbai was increased to Rs 85,861.02 per kl on Sunday from Rs 84,642.91 previously. Oil firms also increased the price of commercial LPG b
Ahead of the festival season, oil marketing companies announced a Rs 48.50 hike in 19 kg commercial LPG cylinder prices, effective October 1. The cost of 14 kg domestic LPG cylinders remains unchanged
Jet fuel, or ATF price, on Thursday was hiked 2 per cent and the rate of commercial LPG used by hotels and restaurants by Rs 6.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. Aviation turbine fuel (ATF) price was hiked Rs 1,827.34 per kilolitre, or 1.9 per cent, to Rs 97,975.72 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is second straight monthly increase in jet fuel rates. ATF prices were on July 1 hiked by 1.2 per cent (Rs 1,179.37 per kl). That increase followed a steep 6.5 per cent (Rs 6,673.87 per kl) reduction effected on June 1. The ATF rate in Mumbai was increased to Rs 91,650.34 per kl on Thursday from Rs 89,908.31 previously. Prices differ from state to state depending on the incidence of local taxes. Alongside, oil firms increased the price of commercial LPG by Rs 6.5 to Rs 1,652.50 per 19-kg cylinder. The increase follows four monthly price reductions, the last on
All eyes will be on the major announcements made by the finance minister and the government's forward-looking guidance about the overall economy
A 19 kg cylinder will now costs Rs 1,745.50 in Delhi as against Rs 1,764.50 as of last month
Domestic gas consumption in CGD declined to 26.5 mmscmd in January
From govt's decision to cut LPG cylinder prices to Rahul Gandhi's poll promises, catch all the latest news from around the world here
Beneficiaries of the Pradhan Mantri Ujjwala Yojana will also receive the first refill and a stove free of cost
Bumper earnings in the first five months of the current fiscal and international benchmark coming off its highs will help state-owned oil companies absorb the Rs 200 per cylinder cut in cooking gas LPG prices, sources said indicating there may be no government compensation for that. On Tuesday, the government announced a Rs 200 per cylinder cut in prices of domestic cooking gas to soften the impact of rising inflation on households as well as counter the promise of cheaper LPG made by the Congress party in upcoming assembly elections. This resulted in the price of a 14.2-kg LPG cylinder in the national capital coming down to Rs 903 from Rs 1,103 earlier. For Ujjwala beneficiaries, the price will be Rs 703 after considering the continuing Rs 200 per cylinder subsidy. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) posted bumper earnings in the April-June quarter and the trend is continuing in thereafter,
No change in domestic LPG cylinder prices
The prices for both commercial and domestic LPG cylinders are revised on the first day of every month
Company recorded highest ever turnover of Rs 59,899 Cr in FY23, up 39%
Price of commercial LPG, one which is used by business establishments like hotels and restaurants, on Monday was cut by a steep Rs 171.5 per cylinder and rates of jet fuel (ATF) were reduced by by 2.45 per cent on softening international oil prices. A 19-kg commercial LPG now costs Rs 1,856.5 in the national capital, down from Rs 2,028, according to price notification from state-owned fuel retailers. This is the second straight monthly reduction in commercial LPG prices. Rates were cut by Rs 91.5 per 19-kg cylinder on April 1. The two reductions, however, haven't neutralised the Rs 350.5 per cylinder hike in prices effected from March 1. Domestic cooking gas LPG prices remained unchanged at Rs 1,103 per 14.2-kg cylinder in the national capital. Domestic LPG rates were last changed on March 1, when they were hiked by Rs 50 per cylinder. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revised cooking g
From today a 19kg commercial LPG cylinder will be priced at Rs 1856.50 from today
"There was no subsidy for LPG users since the early days of Covid. Since then the only subsidy is one which had been introduced now for Ujjwala beneficiaries," Oil Secretary Pankaj Jain said.
Domestic LPG cylinder price has been left unchanged
The CPI(M) accused the union government of cutting down on subsidies provided for common people and said it has 'written off' corporate tax worth over a lakh crores
With the new revision, the cooking gas cylinder will now retail at Rs 999.50 in Delhi.
The price of 19-kg commercial LPG cylinder was on Sunday hiked by Rs 102.50, the third straight monthly increase. With this, the 19-kg commercial cooking gas cylinder will now cost Rs 2,355.50, according to a price notification of state-owned fuel retailers. The commercial LPG price was increased by Rs 105 on March 1 and by Rs 250 on April 1. However, there has been no change in the prices of domestic gas cylinders. In March, the price of domestic cooking gas (LPG) was hiked by Rs 50 per cylinder. A 14.2-kg LPG cylinder is costing Rs 949.50 in Delhi from March 22 onwards.
CPI (M) General Secretary Sitaram Yechury lashed out at the Centre over hike in petroleum prices and termed it an "attack on the labour class and poor" on the Labour Day.