ATF prices surges 5.5%, non-subsidised LPG cut Rs 11

Fuel Crisis

After price cut in Petrol and Diesel, state-run oil marketing companies today hiked the price of Aviation Turbine Fuel (ATF) by 5.5 per cent but cut that of non-subsidised LPG by Rs 11 per cylinder in the wake of lower global prices.

The price of ATF, or jet fuel, in Delhi was increased by Rs 2,557.7 per kilolitre (kl) — or 5.47 per cent — to Rs 49,287.18.

ATF rates vary at different airports because of differential local taxes.

The previous increase in jet fuel prices came on June 1, when these were hiked by a steep 9.2 per cent, or Rs 3,945.47, to Rs 46,729.48 per kl.

In five increases over successive months, ATF rates have gone up by 25 per cent.

Instead, the oil marketing companies on Friday cut prices of non-subsidised LPG (cooking gas), which consumers buy after exhausting their quota of subsidised LPG, by Rs 11 to Rs 537.50 per 14.2 kg cylinder in Delhi.

A consumer gets 12 subsidised LPG cylinders in year. A subsidised LPG cylinder is currently available for Rs 421.16 in Delhi.

In a relief, The Oil marketing companies have also cut the price of transport fuel effective on Friday by under a rupee each, of petrol by 89 paise a litre and of diesel by 49 paise, both at Delhi with corresponding decrease in other states.

Making its previous fortnightly revision in fuel prices on June 16, IOC had hiked prices of petrol marginally by 5 paise a litre, and of diesel by Rs 1.26, both at Delhi, with corresponding increase in other states.

Amid the recent fluctuation in global crude oil prices the Indian basket of crude closed trade on Thursday at $46.48 a barrel, as per official data.

Read More: Petrol price cut by 89 paise per litre, diesel by 49 paise

Wefornews Bureau

Related Posts