Jet fuel prices cut by 3.7%, domestic LPG rate hiked by Rs 2.07 per cylinder
Aviation turbine fuel (ATF) price was today cut by 3.7 percent while subsidised LPG rate was hiked by Rs 2.07 per cylinder, the seventh increase in cooking gas price in six months.
The prices by ATF or jet fuel have decreased by Rs 1,881 per kilolitre (kl), or 3.7 per cent, to Rs 48,379.63 per kl in Delhi. The reduction comes after two rounds of hikes, the last one being on November 1 by a steep 7.3 per cent.
As per the modified rates, a subsidised 14.2-kg cylinder will now cost Rs 432.71 in Delhi as against Rs 430.64 previously.This is the seventh increase in price since July when the government decided to go in for a small hike of up to Rs 2 per bottle every month to cut down its subsidy outgo.
LPG rates were last hiked on November 1 by Rs 2.05 per cylinder. Prior to that rate was hiked on October 28 by Rs 1.5 per cylinder on account of hike in commission paid to dealers. Rates went up by Rs 2.03 per cylinder on October 1 to Rs 427.09.
The prices of non-subsidised cylinders have also been raised at least four successive times, by at least Rs 118. On November 1, prices of each non-subsidised cylinders were raised by Rs 37.50.
As per the Indian Oil Corporation (IOC), from today prices of jet fuel will be Rs 48, 379.63 from earlier Rs 50, 260.63 earlier.