NEW DELHI: The cost of commercial LPG and aviation fuel prices surged on Sunday following the monthly revision aimed at aligning with trends in international oil prices. State-owned oil firms raised commercial LPG rates, used in hotels and restaurants by Rs 16.5 per to Rs 1818.50 per 19 kg cylinder.
Aviation turbine fuel (ATF) prices in Delhi, which hosts one of India’s most active airports, saw an increase of Rs 1,318.12 per kilo litre, marking a 1.45 per cent increment. The new rate stands at Rs 91,856.84 per kl, according to state-owned fuel retailers.
The prices of ATF and LPG vary from state to state, depending on local taxes, including VAT.
This marks the second consecutive monthly increase in jet fuel prices, which were previously raised by Rs 2,941.5 per kl, or 3.3 per cemt, on November 1. ATF prices were reduced by 6.3 per cent (Rs 5,883 per kl) on October 1 and by Rs 4,495.5 per kl, or 4.58 per cent, on September 1.
In Mumbai, the ATF price increased to Rs 85,861.02 per kl on Sunday from Rs 84,642.91 previously.
The price of commercial LPG have also increased for the seventh consecutive month. In the most recent review on November 1, commercial LPG prices were raised by Rs 62 per 19-kg cylinder. Over the course of five price hikes, commercial LPG prices have increased by Rs 172.5 per 19-kg cylinder, reaching their peak this year.
Four monthly price reductions before the current cycle began in August were offset by the recent hikes. Prices for 19-kg cylinders were reduced by Rs 148 across the four rounds. Currently, commercial LPG costs Rs 1,980 in Chennai, Rs 1,927 in Kolkata, and Rs 1,771 in Mumbai for a 19-kg cylinder.
However, the 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 the prices of ATF and cooking gas on the first of each month, based on the average price of benchmark international fuel and the foreign exchange rate.
The prices of petrol and diesel remain frozen, having been reduced by Rs 2 per litre in mid-March ahead of the general elections. Petrol is priced at Rs 94.72 per litre in Delhi, while diesel costs Rs 87.62.
