ATF price hiked by 7.5 pc; non-subsidised LPG by Rs 10.50

New Delhi (PTI): Jet fuel price was hiked by a steep 7.5 per cent today and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder in step with global firming of rates.

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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, ATF price was hiked by a marginal Rs 272 per kl or 0.5 per cent 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 effected 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.

No immediate comment was available from airlines on the impact of the price hike on passenger fares. State-owned fuel retailers, Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise jet fuel and non-subsidised LPG prices on the first of every month based on average imported cost and rupee-dollar exchange rate. The same on petrol and diesel is done on a fortnightly basis.

1 Comment

  1. Dear readers,

    On 26 May 2014, the day Narendra Modi took oath as the Prime Minister of India, the price of the Indian basket of crude oil stood at $108.56 per barrel. Since then the price of the Indian basket has fallen dramatically and on 25 May 2015, it stood at $ 65 per barrel.

    Modi and Jaitley should be thanking Saudi Arabia for Falling oil prices and pass the benefit to the common citizens of India.Instead BJP media Karsevakas busy spreading the falls oil agreement with Saudis to cut double taxation and taking credit from it.

    The BJP just celebrated its anniversary with more than 250 campaigns in front of media blaze to cover its failure only succeeded blaming 60 years of past rulers.Why the Jaitley economic magic is not working?Where are the advisors like Sinha and Arun Shourie?

    Is Sab ka sath,sab ka vikas is only applicable to the Ambani and Adani’s?

    Is Modi sarkar and his Darbar is competing with uncle sams ‘Green back’ to match Indian petroleum prices?

    Jai hind

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