Jet fuel price for domestic airlines increased by ₹5 per litre

Indian Oil Corporation (IOC) has increased the price of aviation turbine fuel (ATF) supplied to domestic airlines by ₹5 per litre, effective August 1.According to IOC, the price of ATF for domestic airlines has been raised to ₹115 per litre from ₹110 per litre.The latest revision is expected to increase fuel costs for domestic carriers.Aviation turbine fuel is one of the largest operating expenses for airlines, and changes in ATF prices can influence airline operating costs, although fares depend on several factors, including demand, competition and capacity.Meanwhile, IOC has reduced the price of commercial LPG cylinders from August 1, providing relief to businesses such as restaurants, hotels, caterers and other commercial establishments.The price of a 19-kg non-domestic LPG cylinder has been cut by ₹192 to ₹2,738 from ₹2,930, while the price of a 5-kg Free Trade LPG (FTL) non-domestic refill has been reduced by ₹46.50 to ₹762 from ₹808.50.The latest commercial LPG price cut marks the second consecutive monthly reduction. Commercial LPG prices had surged earlier this year following the West Asia crisis, which pushed international energy prices higher.Domestic LPG cylinder prices remain unchanged. A 14.2-kg household LPG cylinder continues to cost ₹942 in Delhi.

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