Non-subsidised LPG price hiked by Rs 21 per cylinder; ATF price hiked by 9.2% - Hindustan Times
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Non-subsidised LPG price hiked by Rs 21 per cylinder; ATF price hiked by 9.2%

ByPTI, New Delhi
Jun 01, 2016 11:42 AM IST

Aviation turbine fuel or jet fuel price was today hiked by a steep 9.2 per cent, while that of non-subsidised cooking gas was raised by Rs 21 per cylinder.

Aviation turbine fuel or jet fuel price was today hiked by a steep 9.2%, while that of non-subsidised cooking gas was raised by Rs 21 per cylinder.

Non-subsidised cooking gas (LPG) now costs Rs 548.50 in Delhi as against Rs 527.50 previously. The hike comes on the back of a Rs 18 per cylinder increase in price on May 1.(JS Grewal/HT Photo)
Non-subsidised cooking gas (LPG) now costs Rs 548.50 in Delhi as against Rs 527.50 previously. The hike comes on the back of a Rs 18 per cylinder increase in price on May 1.(JS Grewal/HT Photo)

In the fourth straight monthly increase in rates on global cues, ATF price in Delhi was increased by Rs 3,945.47 per kilolitre, or 9.2%, to Rs 46,729.48 per kilolitre, the oil companies announced today.

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The hike comes on the back of 1.5% increase effected on May 1 and a steep Rs 3,371.55 (8.7 per cent) hike on April 1. Prior to that, rates were hiked by steep 12%, or by Rs 4,174.49, on March 1.

Rates vary at different airports because of differential local sales tax or value-added tax (VAT).

Jet fuel constitutes over 40% of an airline’s operating cost and the latest price increase will add to the financial burden of cash-strapped carriers.

No immediate comment was available from airlines on the impact of the price increase on passenger fares.

Simultaneously, the oil firms raised prices of non- subsidised LPG, which consumers buy after exhausting their quota of 12, by Rs 21 per 14.2-kg cylinder, the second monthly increase in rates.

Non-subsidised cooking gas (LPG) now costs Rs 548.50 in Delhi as against Rs 527.50 previously. The hike comes on the back of a Rs 18 per cylinder increase in price on May 1.

Subsidised LPG costs Rs 419.18 per 14.2-kg cylinder in Delhi.

The three fuel retailers -- Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum -- revise jet fuel and non-subsidised LPG prices on the first day of every month, based on the average international price in the preceding month.

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