Delhi/Hyderabad, Aug 1 (Maxim News): Jet fuel, or ATF price, on Thursday was hiked 2 percent, and the rate of commercial LPG used by hotels and restaurants by Rs. 6.5 per 19 kg cylinder in the monthly revision done in line with international oil price trends.
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Aviation turbine fuel (ATF) price was hiked Rs. 1,827.34 per kilolitre, or 1.9 per cent, to Rs. 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 percent (Rs. 1,179.37 per kg). That increase followed a steep 6.5 percent (Rs. 6,673.87 per kg) reduction effected on June 1. The ATF rate in Mumbai was increased to Rs. 91,650.34 per kg on Thursday from Rs. 89,908.31 previously.
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Prices differ from State to State depending on the incidence of local taxes. Alongside, oil firms increased the price of commercial LPG by Rs. 6.5 to Rs. 1,652.50 per 19 kg cylinder. The increase follows four monthly price reductions, the last one being that of Rs. 30 per cylinder on July 1. In four price reductions, rates were cut Rs. 148 per 19 kg cylinder.
Commercial LPG now costs Rs. 1,605 per 19 kg cylinder in Mumbai, Rs. 1,764.50 in Kolkata and Rs. 1,817 in Chennai. Rate of cooking gas used in domestic households, however, remained unchanged at Rs. 803 per 14.2 kg cylinder.
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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 Rs. 2 per litre in mid-March. Petrol costs Rs. 94.72 a litre in Delhi while diesel is priced at Rs. 87.62 (Maxim News)
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