ATF price hiked by steep 7.5%, commercial LPG rate cut by ₹58

The price of jet fuel (ATF) was sharply increased by 7.5% on Tuesday, while the cost of LPG used in commercial establishments was reduced by ₹58.50 per cylinder, reflecting shifts in international benchmark rates.

- Press Trust of India

NEW DELHI:

After three rounds of price cuts, aviation turbine fuel (ATF) price was increased by ₹6,271.5 per kilolitre, or 7.5%, to ₹89,344.05 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers.

The increase amounts to half of the total reduction implemented over three monthly installments since April.

ATF price was last reduced by ₹2,414.25 per kl (2.82%) to ₹83,072.55 per kl on June 1. Prior to that, rates were cut by 4.4% (₹3,954.38 per kl) on May 1 and a steep reduction of 6.15% (₹5,870.54 per kl) on April 1.