The firming up oil prices has led to another rate hike in aviation turbine fuel (ATF) prices by the oil companies. Jet fuel prices have been hiked by a steep 7.5 per cent, in Delhi it was raised by Rs 3,744.08 per kilolitre (kl) or 7.54 per cent, to Rs 53,353.92. Rates of non-subsidised cooking gas (LPG), too has been hiked by Rs 10.50 per cylinder to Rs 626.50 per 14.2-kg cylinder in Delhi from Rs 616 previously.
Earlier, the oil companies had marginally hiked the ATF prices by 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 was hiked following a Rs 5 per 14.2-kg hike in rates effected from May 1. ATF price had been cut by Rs 23,648.73 or 33 per cent in seven reductions since August 2014, while in the seven monthly reductions, non-domestic LPG rates had been slashed by Rs 317.50 per cylinder.
Households are entitled to 12 cylinders of 14.2-kg each or 34 bottles of 5-kg each. 14.2-kg cylinder will now cost Rs 626.50, while the 5-kg pack will cost Rs 318.50 in Delhi. Following similar trends, rates of market-priced 19 kg LPG cylinder has been hiked to Rs 1,151 per bottle from Rs 1,134.
Government owned oil marketing companies IOC, BPCL and 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.