Jet Fuel Price Hiked By 1.2%, But Commercial LPG Prices Slashed
Prices differ from state to state depending on the incidence of local taxes.
The price of jet fuel, or aviation turbine fuel, has been increased by 1.2%, while the cost of commercial LPG, used by hotels and restaurants, has been reduced by Rs 30 per 19-kg cylinder, following the trends of international oil prices.
The price of ATF was increased by Rs 1,179.37 per kilolitre, bringing the total to Rs 96,148.38 per kl in the national capital, as per the latest notification from state-owned fuel retailers sent on Monday.
The increase followed a steep 6.5%, or Rs 6,673.87 per kl, reduction that came into effect on June 1.
The ATF rate in Mumbai was increased to Rs 89,908.30 per kL from Rs 88,834.27.
Prices differ from state to state depending on the incidence of local taxes.
On the other hand, oil firms cut the price of commercial LPG by Rs 30 to Rs 1,646 per 19-kg cylinder.
This is the fourth straight monthly reduction in rates. The price was last cut by Rs 69 per cylinder on June 1. Prior to that, rates were reduced by Rs 19 per cylinder on May 1 and by Rs 30.5 on April 1.
The rate of cooking gas used in domestic households, however, remained unchanged at Rs 803 per 14.2-kg cylinder.
State-owned Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. revise the prices of ATF and cooking gas on the first day of every month, based on the average price of benchmark international fuel and the foreign exchange rate.
The prices of petrol and diesel have remained unchanged. There was a reduction of Rs 2 per litre in mid-March. In Delhi, petrol is priced at Rs 94.72 per litre and diesel at Rs 87.62 per litre.
(With inputs from PTI)
