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New Delhi: Aviation Turbine Fuel (ATF) or jet fuel price was increased by 1.2 percent, while that of commercial LPG used by hotels and restaurants was reduced by Rs 30 per 19-kg cylinder on Monday. The revision of prices is in line with international oil price trends. ATF price was hiked by Rs 1,179.37 per kilolitre, or 1.2 percent, to Rs 96,148.38 per kl in the national capital, according to a price notification issued by state-owned oil marketing companies.
The increase follows a steep 6.5 percent (Rs 6,673.87 per kl) reduction announced 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.
Alongside, 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 on May 1 reduced by Rs 19 per cylinder, and by Rs 30.5 on April 1. Rate of cooking gas used in domestic households, however, remained unchanged at Rs 803 per 14.2-kg cylinder.
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 1st 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 by Rs 2 per litre in mid-March. Petrol costs Rs 94.72 a litre in Delhi while diesel is priced at Rs 87.62.
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