Fuel Price Rollercoaster: Jet Fuel Soars, LPG Dips
Aviation turbine fuel (ATF) prices surged by 3% due to international oil rate fluctuations, impacting airline costs. Conversely, commercial LPG prices were reduced by Rs 33.50 per cylinder. Local taxes cause city-to-city price variations. Domestic LPG and fuel prices remain unchanged since a previous hike in April.
- Country:
- India
In a recent development, aviation turbine fuel (ATF) prices have been increased by 3%, reflecting the volatile international oil market. This marks a continuation of rising costs for airlines, majorly impacting operational expenses.
Simultaneously, commercial LPG prices saw a reduction of Rs 33.50 per cylinder. This decrease aligns with softened benchmark rates amid lower summer demand. However, it underscores disparate trends in fuel pricing.
Price differentiations are observed across cities due to varying local taxes. Meanwhile, domestic LPG and fuel prices have remained stable since a previous hike. As these changes unfold, the impact on both aviation and commercial sectors remains a topic of close observation.
(With inputs from agencies.)
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