ATF cost up 2.6%; non-subsidised LPG price hiked by Rs 19
New Delhi: Jet fuel or ATF price was on Wednesday hiked by 2.6 per cent and that of non-subsidised cooking gas LPG by Rs 19 per cylinder on the back of a rise in international rates.
Price of Aviation Turbine Fuel (ATF), used to power aeroplanes, was raised by Rs 1,637.25 per kilolitre, or 2.6 per cent, to Rs 64,323.76 per kl in Delhi, according to a price notification of state-owned fuel retailers.
This is the second straight monthly increase in rates warranted due to firming up of prices in the international market.
In India, which is dependent on imports to meet 84 per cent of its oil needs, prices of domestic fuels are at par with benchmark international prices.
ATF price was on December 1 increased by a marginal Rs 13.88 per kl. The two back-to-back increases have push jet fuel prices to their highest since June 2019. The hike will add to the burden of cash strapped airlines that are already reeling under pressure from cut-throat competition in the sector.
Despite the increase, at Rs 64.32 per litre ATF costs less than petrol and diesel. A litre of petrol in the national capital comes for Rs 75.14 while diesel is priced at Rs 67.96 a litre.
Simultaneously, oil companies also raised the price of non-subsidised LPG to Rs 714 per 14.2-kg cylinder from Rs 695 previously.
This is the fifth straight monthly increase in cooking gas prices since September 2019. In all, non-subsidised cooking gas prices have gone up by Rs 139.50 per cylinder in the last five months.
Non-subsidised LPG is the gas that consumers buy after exhausting their quota of 12 cylinders of 14.2-kg at sub-market or subsidised rates of Rs 495.86.
LPG, as well as ATF prices, are revised on 1st of every month based on the average international rate for benchmark fuel and foreign exchange rate in the preceding month.
Also, the price of kerosene sold through the public distribution system (PDS) was increased by 26 paise to Rs 35.58 per litre in Mumbai. This is in accordance with the 2016 decision to raise rates by 25 paise a litre every month till subsidy on the fuel is eliminated.
Delhi has been declared kerosene-free and no PDS kerosene is sold in the national capital.
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At least 4 people killed in one of largest Ukrainian drone strikes on Russia
Kyiv, May (AP): At least four people, including three near Moscow, died in one of the largest Ukrainian overnight attacks against Russia since the start of the war, according to Russian local authorities.
A woman was killed after a drone hit her home in Khimki, a city just northwest of Moscow, and two men died in the village of Pogorelki 10 km north of the capital, according to local Gov. Andrei Vorobyev.
In social media updates, Vorobyev said Ukrainian drones had also damaged unspecified “infrastructure” and several high-rises.
In Moscow itself, at least 12 people were wounded in the nighttime strike, mostly near the entrance to the city's oil refinery, mayor Sergei Sobyanin reported. Sobyanin reported the “technology” of the refinery has not been damaged.
Russian defences shot down 81 drones headed for Moscow overnight, state agency Tass reported, citing Sobyanin, marking one of the largest attacks on the Russian capital since Moscow launched its full-scale invasion of Ukraine on February 24, 2022.
One man was also killed as a drone struck a lorry in the Belgorod region, which borders Ukraine, according to local authorities.
Russian air defences destroyed 556 drones over Russia overnight, the country's defence ministry said Sunday morning. Shortly after midday local time, it reported that over 1,000 had been shot down or jammed in the previous 24 hours.
Russia's largest airport — Moscow's Sheremetyevo — said drone debris had fallen on its premises without causing damage.
Russia attacked Ukraine with 287 drones overnight on Sunday, 279 of which were shot down or jammed, the Ukrainian air force reported.
According to Ukraine's estate emergency service, the strikes injured 8 people in Ukraine's central Dnipropetrovsk region: three in the regional capital of Dnipro, four in President Volodymyr Zelenskyy's hometown of Kryvyi Rih, and one in the district of Synelkove.
Residential buildings were damaged in all three locations, the service said.
