Latest news with #ATF
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Jet fuel price cut by 3% to ₹83,072/kl on softening global oil benchmarks
The price of jet fuel, or ATF, was on Sunday slashed by 3 per cent - the third straight monthly reduction on softening international benchmark prices. The fall in international benchmark oil and gas prices also led to a Rs 24 per 19-kg cylinder cut in rate of commercial LPG used in hotels and restaurants. The price of aviation turbine fuel (ATF) was reduced by Rs 2,414.25 per kilolitre, or 2.82 per cent, to Rs 83,072.55 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. The price cut follows a 4.4 per cent (Rs 3,954.38 per kl) reduction on May 1 and a steep 6.15 per cent (Rs 5,870.54 per kl) reduction effected from April 1. Together with Sunday's reduction, the price cuts have more than offset the hikes that occurred earlier this year. A reduction in price of ATF will ease the burden on commercial airlines, for whom fuel makes up for almost 40 per cent of the operating cost. No immediate comments could be obtained from the airlines on the price reduction. The ATF price in Mumbai was slashed to Rs 77,602.73 per kl from Rs 79,855.59, while those in Chennai and Kolkata were reduced to Rs 86,103.25 and Rs 86,052.57 per kl, respectively. Oil firms also reduced the price of commercial LPG by Rs 24 per 19-kg cylinder. Commercial LPG now costs Rs 1,723.50 in the national capital and Rs 1,647.50 in Mumbai. This reduction follows a Rs 14.50 cut on May 1 and a Rs 41 per cylinder cut in rate effected on April 1. International oil prices have softened in the last couple of months as global trade war eroded the outlook for fuel demand. Prices of ATF and LPG differ from state to state depending on the incidence of local taxes, including VAT. The rate of cooking gas used in domestic households, however, remained unchanged at Rs 853 per 14.2-kg cylinder. The price of the domestic LPG was hiked by Rs 50 per cylinder in April. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) revise prices of ATF and cooking gas on the first of every month based on the average price of benchmark international fuel and foreign exchange rate. While international oil prices have softened, domestic rates of petrol and diesel continue to remain frozen. Rates were cut by Rs 2 per litre in mid-March last year, ahead of the general elections. Petrol costs Rs 94.72 a litre in Delhi, while diesel is priced at Rs 87.62.
India.com
a day ago
- Business
- India.com
Major Relief For Airlines: Jet Fuel Prices Slashed By Rs 2,414.25 Per Kiloliter; Check Latest Rates
New Delhi: Oil marketing companies have once again cut the price of Aviation Turbine Fuel (ATF) by Rs 2,414.25 per kiloliter, starting today, June 1. This follows a big reduction last month, making air travel more affordable as fuel costs for airlines go down. This new price cut is likely to bring some relief to airlines, which depend heavily on ATF for their flights. With the holiday season coming up, it could mean cheaper airfares for travelers. Earlier in May, oil companies had already cut the price of a 19-kg LPG cylinder by Rs 14.50. At the same time, Aviation Turbine Fuel (ATF) prices were lowered by 4.4 per cent, offering some much-needed relief to an industry dealing with fluctuating fuel costs. ATF prices were cut by about Rs 3,954.38 per kilolitre, bringing the rate down to Rs 85,486.80. This big drop gave airlines like Air India and IndiGo some much-needed relief, since fuel makes up nearly 30 per cent of their overall costs. This latest price cut follows another big drop on April 1, when ATF prices fell by 6.15 per cent, or Rs 5,870.54 per kilolitre. Together, these reductions help balance out the earlier fuel price spikes from this year.
Yahoo
a day ago
- General
- Yahoo
1 dead in Gladstone explosion that destroyed house, damaged others. What we know
A devastating home explosion in Gladstone left one man dead, the house he lived in destroyed and several nearby homes damaged Saturday morning, according to Gladstone Fire Chief Mike Desautels. The cause of the explosion remains unclear, and the investigation has been turned over to the Missouri Fire Marshal of the Missouri Division of Fire Safety. The Gladstone Fire Department, Gladstone Police Department, ATF and other organizations were on the explosion site Saturday afternoon. The American Red Cross was on the scene, too. Firefighters responded just after 11 a.m. to Northeast 74th Terrace and North Main Street Saturday after multiple calls from residents about the explosion. Dozens of neighbors gathered outside their homes to watch the aftermath of the blast, which blew debris over the road and across the street, causing significant damage to nearby homes, Desautels said. Officials used cadaver dogs to uncover the remains of a deceased adult man. His remains were unidentifiable, so confirmation of his identity may take a while, Desautels said. He was a resident of the home destroyed in the explosion, Desautels said. Other residents of the home were found safe, he said, but a large-breed dog was also killed in the blast. The street the explosion occurred on, Northeast 74th Terrace, will remain closed to traffic from North Oak Trafficway to Main Street for 24 to 48 hours as crews work to clear debris, Desautels said. The home that exploded is three blocks northeast of Linden West Elementary School. Multiple crews, including some from the Kansas City Fire Department provided extra support to extinguish the fire Saturday. According to an Evergy outage map, the explosion caused several customers to lose power in the area. As of 2 p.m., 10 customers were still affected. Desautels said the investigation into what caused the deadly explosion will likely take some time because of the significant debris it caused. This is a developing story, and will be updated.
Yahoo
2 days ago
- General
- Yahoo
Grant County man sentenced to 10-year federal prison term
ELKINS, — Cabins resident Wesley Shane Haggerty, 37, was sentenced Thursday to 10 years in federal prison for the unlawful possession of a firearm, according to the Office of the U.S. Attorney in the Northern District of West Virginia. According to court documents, Pendleton County sheriff's deputies were called to a disturbance involving a firearm. When officers arrived at the home, Haggerty was arrested after a short foot pursuit. Haggerty had a pistol and is prohibited from having firearms because of seven prior felony convictions and two misdemeanor domestic battery convictions. Haggerty will serve three years' of supervised release following his prison sentence. The Bureau of Alcohol, Tobacco, Firearms and Explosives and the Pendleton County Sheriff's Office investigated.
Toronto Sun
3 days ago
- Politics
- Toronto Sun
HAUBRICH: Canadians want Carney to focus on gun smuggling, not gun bans
A semi-automatic pistol with a conversion device installed making it fully automatic is fired as four empty shell casings fly out of the weapon, at the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), National Services Center, Thursday, March 2, 2023, in Martinsburg, Photo by Alex Brandon / THE ASSOCIATED PRESS Most Canadians want Prime Minister Mark Carney to focus on stopping illegal guns from getting into Canada, instead of taking firearms from licensed Canadian gun owners through Ottawa's so-called gun ban and buyback. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Recent Leger polling shows 55% of Canadians think the best way to reduce gun crime in Canada is to focus on stopping the smuggling of guns into Canada from the United States. Only 26% think banning the sale and ownership of various models of guns, along with a government seizure and compensation program, would be the best way to reduce crime in Canada. Canadians have the facts on their side: Ottawa's gun ban and compensation program have failed to make Canadians safer for the last five years. The feds originally announced the scheme in 2020 and banned about 1,500 different makes and models of firearms. After multiple expansions of the ban list, it now includes more than 2,000 different types of firearms plus hundreds of different parts and accessories. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Since then, violent gun crime in Canada has increased . That's because licensed gun owners, who follow the law to buy and use their guns, aren't the ones committing these violent crimes. About half of all homicides using firearms were related to organized crime or street gangs, according to Statistics Canada . Those stats echo what the police and academics have been saying about the effectiveness of gun bans and compensation schemes for licensed firearms owners. 'There is no evidence that gun bans are effective in reducing this violence, particularly when 85% of guns seized by our members can be traced back to the United States,' said the Toronto Police Association. 'Buyback programs are largely ineffective at reducing gun violence, in large part because the people who participate in such programs are not likely to use those guns to commit violence,' said Jooyoung Lee, a University of Toronto professor who studies gun violence in Canada. This advertisement has not loaded yet, but your article continues below. Federal politicians are finally starting to figure out that the real problem is illegal guns crossing the border. During the election debate, both major party leaders highlighted the problem of illegal guns coming across the southern border. Carney said, 'We have a problem with guns coming over our border.' Conservative Leader Pierre Poilievre said, 'We will secure our border to keep illegal guns out.' In the government's most recent throne speech, there was no mention of the gun ban and compensation program. Instead, King Charles III announced that the Canadian government will 'stem the tide of illegal guns and drugs across the border.' Wasting more taxpayers' dollars to compensate firearms owners for their property hinders the ability of police forces to deal with the illegal gun problem. This advertisement has not loaded yet, but your article continues below. This was highlighted by the National Police Federation, the union that represents the RCMP. In a report, the union said the gun ban and compensation program 'diverts extremely important personnel, resources, and funding away from addressing the more immediate and growing threat of criminal use of illegal firearms.' Taxpayers need a full commitment to end the gun ban before any more money is wasted on it. Government documents show that the total gun ban and compensation program could cost about $2 billion. Other estimates show that the cost could balloon to more than $6 billion. That's too much money to waste on a program that isn't going to make Canadians safer. Police, academics and Canadians know the real danger is gun smuggling, not firearms owned by licensed Canadian gun owners. Despite this, Carney promised during the election to 'reinvigorate the implementation' of the gun ban and compensation scheme. Carney needs to stop wasting money on the gun ban and focus on the real problem of illegal guns crossing the border. Gage Haubrich is the Prairie director for the Canadian Taxpayers Federation Toronto & GTA World World Columnists Crime
