ATF price hiked 2%, commercial LPG up ₹6.5 per cylinder

Jet fuel, or ATF price, on Thursday, was hiked by 2% and the rate of commercial LPG used by hotels and restaurants by ₹6.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends.

Aviation turbine fuel (ATF) price was hiked ₹1,827.34 per kilolitre, or 1.9%, to ₹97,975.72 per kl in the national capital, according to a price notification of state-owned fuel retailers.

This is the second straight monthly increase in jet fuel rates. ATF prices were on July 1 hiked by 1.2% (₹1,179.37 per kl). That increase followed a steep 6.5% (₹6,673.87 per kl) reduction effected on June 1.

The ATF rate in Mumbai was increased to ₹91,650.34 per kl on Thursday from ₹89,908.31 previously.

Prices differ from state to state depending on the incidence of local taxes.

Alongside, oil firms increased the price of commercial LPG by ₹6.5 to ₹1,652.50 per 19-kg cylinder.

The increase follows four monthly price reductions, the last one being that of ₹30 per cylinder on July 1. In four price reductions, rates were cut ₹148 per 19-kg cylinder.

Commercial LPG now costs ₹1,605 per 19-kg cylinder in Mumbai, ₹1,764.50 in Kolkata and ₹1,817 in Chennai.

The rate of cooking gas used in domestic households, however, remained unchanged at ₹803 per 14.2-kg cylinder.

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.

Prices of petrol and diesel continue to remain frozen. Rates had been cut ₹2 per litre in mid-March. Petrol costs ₹94.72 a litre in Delhi while diesel is priced at ₹87.62.