ATF price hiked by 1%, commercial LPG rates cut

Aviation turbine fuel (ATF) prices were hiked by about 1 per cent while commercial LPG rates cut marginally by Rs 5 per cylinder on Saturday in the monthly revision in fuel prices in line with global benchmarks.

- MPOST BUREAU

Jet fuel (ATF) price was increased by Rs 777 per kilolitre, or 0.8 per cent, to Rs 94,543.02 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers.

This is the second straight monthly increase in ATF rates. Prices were raised by Rs 3,052.5 per kl or 3.3 per cent on October 1. Prior to that rates were cut by 1.4 per cent (Rs 1,308.41 per kl) on September 1.

The price hike will increase the burden on commercial airlines, for whom fuel makes up almost 40 per cent of the operating cost.

No immediate comments could be obtained from the airlines on the impact of the price change.