ATF price hiked 5 per cent, commercial LPG by Rs 209

Jet fuel or ATF price on Sunday was hiked by 5 per cent the fourth straight monthly increase since July and commercial cooking gas LPG rates were raised by a steep Rs 209 per 19kg cylinder in line with the firming up seen in international benchmarksHowever the price of domestic LPG the one used in household kitchens for cooking purposes remained unchanged at Rs 903 per 142kg cylinderAviation turbine fuel ATF price was increased by Rs 577984 per kilolitre or 51 per cent in the national capital to Rs 11819917 per kl from Rs 11241933 according to a price notification of stateowned fuel retailersThe increase comes on back of the steepestever 141 per cent increase Rs 1391107 per kl effected on September 1 and a 85 per cent or Rs 772838 per kl increase on August 1The fourth straight increase in prices of jet fuel which makes up for 40 per cent of an airlines operating cost will increase the burden on already financially strained airlinesOn July 1 ATF price had gone up by 165 per cent or Rs 147679 per kl In four increases ATF prices have gone up by a record Rs 2939108 per klAlongside oil firms raised the price of commercial LPG the one used in establishments such as hotels and restaurants by Rs 209A 19kg commercial LPG cylinder will now cost Rs 173150 in the national capital and Rs 1684 in MumbaiThe increase reserves most of the Rs 1575 per cylinder cut in commercial LPG price effected on September 1 and Rs 100 cut effected from August 1Saudi contract price CP the benchmark used for pricing of LPG has increased following a firming up trend in crude oil prices witnessed in last few weeks over supply concernsOil companies which had on August 30 cut domestic LPG rates by Rs 200 per 142kg cylinder did not change the price of 142kg cylindersStateowned Indian Oil Corporation IOC Bharat Petroleum Corporation Ltd BPCL and Hindustan Petroleum Corporation Ltd HPCL revise cooking gas and ATF prices on the 1st of every month based on the average international price in the previous monthPetrol and diesel prices continued to remain on freeze for a record 18th month in a row Petrol costs Rs 9672 per litre in the national capital and diesel comes for Rs 8962 per litreStateowned fuel retailers are supposed to revise petrol and diesel prices daily based on a 15day rolling average of benchmark international fuel prices but they havent done that since April 6 2022Prices were last changed on May 22 when the government cut excise duty to give relief to consumers from a spike in retail rates that followed a surge in international oil pricesThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever