Business

02 February 2023: Fuel Prices Remain Unchanged Today; Jet Fuel Rates Hike By 4 Per Cent

02 February 2023: The fuel price held constant on 02 February 2023 i.e. Thursday. However, Jet fuel price was hiked by 4 per cent in line with firming global oil prices.

On 21st May 2022, the last country-wide fluctuations in the oil prices were observed as the finance minister, Nirmala Sitharaman reduced the excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre across the country.

Jet Fuel Price Hike

Aviation turbine fuel (ATF) price was increased by Rs 4,218 per kilolitre, or 3.9 per cent, to Rs 1,12,356.77 per kg in the national capital, according to a price notification of state-owned fuel retailers.

The increase follows three rounds of reduction since November. The price on January 1 was reduced to Rs 1,08,138.77 per kg from Rs 1,17,587.64. Prior to that, the price was slashed by 2.3 per cent on December 1 and 4.19 per cent on November 1.

The rate hike will increase the burden on airlines for whom fuel makes for almost 40 per cent of the operating cost.

ATF price is revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates.

Also Read: PayPal to lay off 7% of its workforce

Fuel Rates In The Cities

Fuel price in Mumbai and the national capital Delhi has Petrol rates at Rs 106.31 per litre and Rs 96.72 per litre respectively. Diesel costs about Rs 94.27 per litre and Rs 89.62 per litre respectively.

Whereas, in Kolkata, the cost of petrol is Rs 106.03 and that of diesel is Rs 92.76 a litre, respectively. Petrol costs Rs 102.63 per litre in Chennai while diesel costs Rs 94.24. In Bangalore, it’s Rs 101.94 for a litre of petrol and Rs 87.89 for a litre of diesel.

Chennai: Petrol rate: Rs 102.63 per litre, Diesel rate: Rs 94.24 per litre

Kolkata: Petrol rate today: Rs 106.03 per litre, Diesel rate: Rs 92.76 per litre

Mumbai: Petrol rate: Rs 106.31 per litre, Diesel rate: Rs 94.27 per litre

Delhi: Petrol rate: Rs 96.72 per litre, Diesel rate: Rs 89.62 per litre

Bangalore: Petrol rate: Rs 101.94 per litre, Diesel rate: Rs 87.89 per litre

Lucknow: Petrol rate: Rs 96.57 per litre, Diesel rate: Rs 89.76 per litre

Noida: Petrol rate: Rs 96.79 per litre, Diesel rate: Rs 89.96 per litre

Gurugram: Petrol rate: Rs 97.18 per litre, Diesel rate: Rs 90.05 per litre

Chandigarh: Petrol rate: Rs 96.20 per litre, Diesel rate: Rs 84.26 per litre

Alina Khan

Recent Posts

PM Modi To Address GST Utsav Public Meeting In Andhra Pradesh On October 16

PM Modi will address a GST Utsav public meeting in Kurnool on October 16 with…

48 mins ago

Jamia Hamdard Champions Clean And Green Campus Initiative Under ‘Mission Green Campus’

Jamia Hamdard launches a cleanliness drive under ‘Mission Green Campus’ to promote a sustainable, smoke-free,…

1 hour ago

Gautam Adani Hails Navi Mumbai Airport As A Beacon Of India’s Aspirations

Gautam Adani and PM Modi inaugurate Navi Mumbai Airport, highlighting its role in India’s growth…

2 hours ago

PM Starmer Leads Biggest UK Trade Mission Ever To India On Historic First Visit

PM Starmer leads historic UK trade mission to India, boosting business, culture and strategic ties.

3 hours ago

PM Modi Highlights Strategic Role Of Navi Mumbai Airport In Boosting Connectivity

PM Modi inaugurates Phase 1 of Navi Mumbai International Airport, emphasising its role in regional…

4 hours ago

Supreme Court To Hear Rahul Gandhi’s Petition Demanding SIT Probe Into Alleged Voter List Manipulation

Supreme Court to hear Rahul Gandhi petition seeking SIT probe into alleged voter list manipulation.

4 hours ago