LPG dearer by `1.50, jet fuel by 6%

New Delhi, Oct. 1: Jet fuel or ATF price was on Sunday hiked by a steep 6 per cent on firming international rates, the third straight increase in rates since August.

Also, cooking gas (LPG) price was hiked by `1.50 per cylinder in line with the government decision to raise rates every month to eliminate subsidies by March.

A subsidised 14.2-kg LPG cylinder will cost `488.68 in Delhi as against `487.18 previously, IOC said. The hike comes on back of over `7 per cylinder increase effected from September 1. Oil minister Dharmendra Pradhan had on July 31 told the Lok Sabha that the government had asked staterun oil firms to raise subsidised LPG prices by up to `4 per cylinder every month to eliminate all the subsidies by March next year.

New Delhi: Jet fuel or ATF price was on Sunday hiked by a steep 6 per cent on firming international rates, the third straight increase in rates since August. Aviation turbine fuel (ATF) will now cost `53,045 per kilolitre (kl) in Delhi, `3,025 per kl more than `50,020 previously, according to a price hike notification by Indian Oil Corp, the nation’s biggest fuel retailer. This the third consecutive monthly hike in ATF price, the last being by 4 per cent (`1,910 per kl) on September 1. Also, cooking gas (LPG) price was hiked by `1.50 per cylinder in line with the government decision to raise rates every month to eliminate subsidies by March. A subsidised 14.2-kg LPG cylinder will from Sunday cost `488.68 in Delhi as against `487.18 previously, IOC said. The hike comes on back of over `7 per cylinder increase effected from September 1. Oil minister Dharmendra Pradhan had on July 31 told the Lok Sabha that the government had asked state-run oil firms to raise subsidised cooking gas (LPG) prices by up to `4 per cylinder every month to eliminate all the subsidies by March next year. Rates were, however, raised by `2.31 per cylinder on August 1 and the oil companies effected a large hike on September 1 to equalise that, sources said. Since the implementation of the policy of monthly increases from July last year, subsidised LPG rates have gone up by over `69.50 per cylinder. A 14.2-kg LPG cylinder was priced at `419.18 in June 2016. The government had previously asked IOC, BPCL and HPCL to raise rates of subsidised domestic LPG by `2 per 14.2-kg cylinder per month (excluding VAT).