Commercial LPG prices hiked by Rs 209; ATF price hiked 5 per cent

A 19-kg commercial LPG cylinder will now cost Rs 1,731.50 in the national capital and Rs 1,684 in Mumbai.
FILE - A man is seen sorting LPG cylinders at a distribution centre in Chennai. (File Photo | Debadatta Mallick, EPS)
FILE - A man is seen sorting LPG cylinders at a distribution centre in Chennai. (File Photo | Debadatta Mallick, EPS)

Jet fuel or ATF price on Sunday was hiked by 5 per cent -- the fourth straight monthly increase since July, and commercial cooking gas (LPG) rates were raised by a steep Rs 209 per 19-kg cylinder, in line with the firming up seen in international benchmarks.

However, the price of domestic LPG - the one used in household kitchens for cooking purposes - remained unchanged at Rs 903 per 14.2-kg cylinder.

Oil firms raised the price of commercial LPG - the one used in establishments such as hotels and restaurants - by Rs 209. A 19-kg commercial LPG cylinder will now cost Rs 1,731.50 in the national capital and Rs 1,684 in Mumbai.

The increase reserves most of the Rs 157.5 per cylinder cut in commercial LPG price effected on September 1 and the Rs 100 cut effected from August 1.

Saudi contract price (CP), the benchmark used for pricing of LPG, has increased following a firming-up trend in crude oil prices witnessed in the last few weeks oversupply concerns.

Anxious shopkeepers are demanding from the government to control inflation.  The decision to increase the price of commercial LPG gas cylinder by Rs 209 have left the shopkeepers and restaurateurs running tea, samosa and kachori shops very worried.

According to them inflation is continuously rising and the prices of commercial cylinders have already increased significantly.

A local shopkeeper from Aligarh said, "If there is an increase of Rs 209 now, it will aggravate our problems and we will have to face inflation on food items also. The government should reduce inflation and not increase it."

Oil companies, which had on August 30, cut domestic LPG rates by Rs 200 per 14.2-kg cylinder, did not change the price of 14.2-kg cylinders.

Aviation turbine fuel (ATF) price was increased by Rs 5,779.84 per kilolitre, or 5.1 per cent, in the national capital to Rs 118,199.17 per kl from Rs 112,419.33, according to a price notification of state-owned fuel retailers.

The increase comes on the back of the steepest-ever 14.1 per cent increase (Rs 13,911.07 per kl) effected on September 1, and an 8.5 per cent or Rs 7,728.38 per kl increase on August 1.

The fourth straight increase in prices of jet fuel, which makes up for 40 per cent of an airline's operating cost, will increase the burden on already financially strained airlines.

On July 1, ATF price had gone up by 1.65 per cent or Rs 1,476.79 per kl. In four increases, ATF prices have gone up by a record Rs 29,391.08 per kl.

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise cooking gas and ATF prices on the 1st of every month based on the average international price in the previous month.

Petrol and diesel prices continued to remain on freeze for a record 18th month in a row.

Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62 per litre.

State-owned fuel retailers are supposed to revise petrol and diesel prices daily, based on a 15-day rolling average of benchmark international fuel prices, but they haven't done that since April 6, 2022.

Prices were last changed on May 22, when the government cut excise duty to give relief to consumers from a spike in retail rates that followed a surge in international oil prices.

(With inputs from ANI & PTI)

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