ATF price hike by 7.5%, commercial LPG rate cut

Price of jet fuel increased, whereas this is the fourth straight reduction in commercial LPG rates. Prices were last reduced by Rs 24 per 19-kg cylinder June 1. Prior to that Rs 14.50 cut May 1 and a Rs 41 per cylinder reduction was effected April 1

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

After three rounds of price cuts, aviation turbine fuel (ATF) price was increased by Rs 6,271.5 per kilolitre, or 7.5 per cent, to Rs 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 Rs 2,414.25 per kl (2.82 per cent) to Rs 83,072.55 per kl June 1. Prior to that, rates were cut by 4.4 per cent (Rs 3,954.38 per kl) May 1 and a steep reduction of 6.15 per cent (Rs 5,870.54 per kl) April 1.