Non-subsidised LPG rates hiked, jet fuel cut

New Delhi, Jan 1 (IANS) State run-Indian Oil Corp (IOC) hiked prices of non-subsidised LPG, or cooking gas, cylinders by around Rs.50, effective from Friday.

Allowing for local levies, the market price of a non-subsidised liquefied petroleum gas cylinder of 14.4 kg is now Rs.657.50 in Delhi, Rs.686.50 in Kolkata, Rs.671 in Mumbai and Rs.671.50 in Chennai.

This is the second such successive hike in less than two months. Prices were last raised in December by nearly Rs.60 a cylinder.

Also from Friday, cooking gas consumers with taxable income of more than Rs.10 lakh per annum will no longer get benefit of the subsidy on gas cylinders, the government has announced.

To be applicable from the New Year, the directive would be effected “initially on a self-declaration basis”, a petroleum ministry statement said.

Meanwhile, with the Indian basket of crude oils again in free fall towards the $30 a barrel mark, prices of aviation turbine fuel (ATF), or jet fuel, were reduced by a steep 10 percent effective from Friday to Rs.39,892.32 per kl in Delhi from Rs.44,320.32 per kl.

This caused airlines’ stocks to hit fresh record highs in intra-day trade on hopes of a boost in companies’ profitability.

IOC has also announced cuts in transport fuel prices effective from Friday, with petrol prices per litre being reduced by Rs.0.63 and diesel by Rs.1.06, both at Delhi, with corresponding price revision in other states.

Petrol per litre now costs Rs.59.35 in Delhi, Rs.65.12 in Kolkata, Rs.66.40 in Mumbai and Rs.59.77 in Chennai.

The price of diesel per litre from January 1 is Rs.45.03 in Delhi, Rs.48.80 in Kolkata, Rs.52.16 in Mumbai and Rs.46.25 in Chennai.

The Indian basket of crude oils closed trading on Thursday at $32.90 for a barrel of nearly 160 litres.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here