People can get the benefit of cheap air travel during the festive season. On the first day of the new month, a huge cut has been made in the price of aviation fuel. This change can bring down the operating cost of aviation companies significantly.
Aviation fuel has become so cheap from today
According to the information given by the government oil and gas marketing companies (OMCs), from today, September 1, there has been a huge cut of Rs 4,495 per kilolitre in the rates of aviation fuel i.e. ATF. According to the information available on the website of Indian Oil, from today, the price of ATF in Delhi has become cheaper by Rs 4,495.48 and has come down to Rs 93,480.22 per kilolitre.
Aviation fuel prices in other cities
The price of aviation fuel has also come down in other cities. After the latest change, ATF has now become cheaper in Mumbai and has come down to Rs 87,432.78 per kilolitre. If we look at the four metros, the benefit of the cheapest aviation fuel is currently available only in Mumbai. Similarly, ATF rates have come down to Rs 96,298.44 per kilolitre in Kolkata. This is the highest price of ATF in all the four metros. At the same time, ATF has become cheaper in Chennai and has come down to Rs 97,064.32 per kilolitre. According to the information given by the oil companies, the new rates have become effective from today itself.
Aircraft fares may decrease
Government oil marketing companies review the price of aviation fuel at the beginning of every month. Companies decide to reduce or increase the price of aviation fuel i.e. ATF according to the fluctuations in the market price. The biggest expenditure of aviation companies is on fuel. The effect of change in ATF rates can be seen on aviation fares. After today’s big reduction, aviation fares may come down in the coming days.
19 kg LPG cylinders become expensive
On the other hand, oil companies have increased the price of commercial LPG cylinders from today. The price of 19 kg commercial LPG cylinder has been increased by Rs 39 from today. This is the second consecutive month when the price of commercial LPG cylinders has been increased.
