Non-subsidised LPG price hiked by 27.50 per cylinder; ATF price cut marginally

In line with global trends, Oil Marketing Companies (OMCs) have hiked non-subsidized or market-priced domestic cooking gas (LPG) by Rs 27.5 per 14.2-kg bottle, which consumers buy after exhausting their quota of subsidised cooking fuel. The increase comes on back of four straight monthly reductions in rates of non-subsidized or market-priced LPG.

Following the hike, non-subsidised cooking gas (LPG) now costs Rs 545 per 14.2-kg cylinder in Delhi. In Kolkata, it will cost Rs 575 per cylinder, in Mumbai, Rs 555 and in Chennai, the price will be Rs 559.50 a cylinder. Non-subsidised LPG price was last cut on October 1 by Rs 42 to Rs 517.50 in Delhi. Prior to that, rates were cut by Rs 25.50 on September 1, Rs 23.50 on August 1 and by Rs 18 per cylinder to Rs 608.50 on July 1.

Meanwhile, the oil firms have marginally slashed the prices of the Jet fuel or aviation turbine fuel (ATF). In Delhi, it has been cut by Rs 142.56 per kilolitre, or 0.3 percent, to Rs 43,041.61 per kilolitre. The reduction comes on the back of 5.5 percent or Rs 2,245.92 per kilolitre increase in ATF price on October 1. This price cut will bring marginal relief to the cash-strapped carriers. Jet fuel prices constitute over 40% of an airline’s operating cost. Rates vary from airport to airport depending on the local sales tax or value-added tax (VAT).

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.