LPG Prices, June 1: 19/Kg Cylinder Per Prices Cut By Rs 69-72; Auto Gas Gets Cheaper After 1 Year; ATF Revised

In a major good news for Indian citizens, the largest oil marketing company, Indian Oil has trimmed the prices of LPG per cylinder in 19 Kg by Rs 69 to Rs 72 from June 1, 2024 onward. Not just that, the OMC has also lowered prices of auto gas by Rs 1.5 to Rs 1.7 for the first time since May 2023. Also, Indian airlines have received major relief with a revision in ATF prices.

LPG Cylinder Prices:

The most cut in LPG price of 19 KG per cylinder is made in metro city, Kolkata by Rs 72 to Rs 1,787 from June 1, compared to Rs 1,859 price earlier. In the southern city, of Chennai, the LPG price was trimmed by Rs 70.5 per cylinder to Rs 1,840.5 from Rs 1,911.

In the national capital, Delhi, the 19 Kg cylinder is down by Rs 69.5 to Rs 1,676 from the previous Rs 1,745.5. Meanwhile, in the financial hub Mumbai, the price was also lowered by Rs 69.5 to Rs 1,629 from Rs 1,698.5.

With the latest revision in LPG prices, 19K cylinder is the cheapest in Mumbai and then Delhi among the four major metro cities.

Indane has now become one of the largest packed LPG brands in the world, with IndianOil as the second-largest marketer of LPG globally. Indane is a Consumer Superbrand as conferred by the Superbrands Council of India. It is a brand synonymous with safety, reliability, and convenience.

Indane LPG is sold and delivered in seven different pack sizes. The 5 kg and 14.2 kg cylinders are largely meant for domestic use and comprise almost 90% of all gas distributed, while the 19 kg, 47.5 kg and 425 kg Jumbo cylinders are marketed for industrial and commercial consumption. The recently launched 5 kg and 10 kg cylinders made of fibre composite with a trendy and translucent look are the latest additions to the domestic category. Indane LPG is also supplied in bulk to large-volume consumers in the manufacturing and engineering sectors.

Auto Gas Prices:

AutoGas (LPG) is a clean, high-octane, abundant and eco-friendly fuel. It is obtained from natural gas through fractionation and from crude oil through refining. It is a mixture of petroleum gases like propane and butane. The higher energy content in this fuel results in a considerable reduction of CO2 emissions.

The fuel is marketed by IndianOil under the brand name 'AutoGas'

Indian Oil has revised the prices of autogas after 12 months. Auto Gas price is down by Rs 1.66 to Rs 53.31 in Kolkata from earlier Rs 54.97, while in Mumbai the price was lowered by Rs 1.6 to Rs 57.84 from the earlier Rs 59.44.

Meanwhile, in Chennai, the price was cut by Rs 1.62 to Rs 57.38 from earlier Rs 59. In Delhi, the price is down by Rs 1.59 to Rs 59.23 from earlier Rs 57.64.

ATF Prices:

Furthermore, the OMC has trimmed jet fuel prices by a whopping Rs 6,673.87 per kilo litre with effect from June 1, 2024. This comes after the price of ATF was hiked by Rs Rs 749.25 per kilo litre in May. The latest drop in ATF prices comes after they were raised for three consecutive months. ATF was increased by Rs 502.91 per kiloliter in April and Rs 624.37 per kiloliter in March.

Latest Prices Of ATF:

In terms of rupee, ATF prices in Delhi are at Rs 94,969.01 per kilo litre, Rs 1,03,715.00 in Kolkata, Rs 88,834.27 in Mumbai and Rs 98,557.14 in Chennai.

In dollar terms, ATF prices are at $870.73 in Delhi, at $909.66 in Kolkata, at $869.94 in Mumbai, and $866.58 in Chennai.

Jet fuel prices are most expensive in Kolkata followed by Chennai among the four metros.

IndianOil is the only oil company in India to market the widest possible range of fuels used by the aviation industry in India- JP-5, Avgas 100LL, Methanol Water Mixture, Jet A-1 aviation lubricants, etc.

Aviation Turbine Fuel (ATF) is dispensed from specially designed refuellers, which are driven up to parked aeroplanes and helicopters. Major airports have hydrant refuelling systems that pump the fuel right up to the filling outlets on the tarmac through underground pipelines for faster refuelling. Essentially, ATF is pumped into an aircraft by two methods: Overwing and Underwing. Overwing fuelling is used on smaller planes, helicopters, and piston-engine aircraft and is similar to automobile fuelling - one or more fuel ports are opened and fuel is pumped in with a conventional pump. Underwing fuelling, also called single-point is used on larger aircraft.