Jet fuel price was hiked by a steep 7.5 per cent on Monday and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder in step with global firming of rates.
Price of aviation turbine fuel (ATF), or jet fuel, in Delhi was raised by Rs. 3,744.08 per kilolitre (kl), or 7.54 per cent, to Rs 53,353.92, oil companies announced today.
On May 1, a marginal Rs. 272 per kl or 0.5 per cent hiked ATF price to Rs. 49,609.84.
Following global trends, the price of non-subsidised or market-priced domestic cooking gas (LPG) was hiked to Rs 626.50 per 14.2-kg cylinder in Delhi from Rs. 616 till yesterday.
The price hike comes on the back of a Rs. 5 per 14.2-kg cut in rates affected from May 1.
Non-domestic LPG, which consumers buy after exhausting their quota of 12 bottles of 14.2-kg each at subsidised rates, will cost Rs. 626.50 as against Rs. 616 per 14.2-kg cylinder.
Households are entitled to 12 cylinders of 14.2-kg each or 34 bottles of 5-kg each at subsidised rates of Rs 417 or Rs 155, respectively in Delhi. Any requirement beyond this has to be bought at the market price.
While the market priced or non-subsidised 14.2-kg cylinder will cost Rs. 626.50 from today, the in 5-kg pack will cost Rs. 318.50.
Following similar trends, rates of market-priced 19 kg LPG cylinder has been hiked to Rs. 1,151 per bottle from Rs. 1,134.
Rates vary from state-to-state depending on the incidence of local sales tax or VAT.
Jet fuel constitutes over 40 per cent of an airline’s operating costs and the price cut will reduce the financial burden on cash-strapped carriers.