India hikes commercial LPG price Rs 102.50 per cylinder; Aviation turbine fuel price hiked by 3.22% to record high

The price of 19-kg commercial LPG cylinder was hiked by Rs 102.50, the third straight monthly increase. With this, the 19-kg commercial cooking gas cylinder will now cost Rs 2,355.50, according to a price notification of state-owned fuel retailers. The commercial LPG price was increased by Rs 105 per 19-kg cylinder on March 1 and by Rs 250 on April 1.

Further, jet fuel prices were also hiked by 3.22 per cent — the ninth straight increase this year — to an all-time high, reflecting a surge in global energy prices. The price of aviation turbine fuel (ATF) was hiked by Rs 3,649.13 per kilolitre to Rs 1,16,851.46 per kl (Rs 116.8 per litre) in the national capital, according to a price notification of state-owned fuel retailers.

Meanwhile, petrol and diesel prices remained unchanged for the 25th straight day after rising by a record Rs 10 per litre each. While jet fuel prices are revised on the 1st and 16th of every month, petrol and diesel rates are revised daily based on equivalent rates in the international market.

The increase in ATF price comes on the back of the steepest ever hike of 18.3 per cent (Rs 17,135.63 per kl) effected on March 16 and a 2 per cent (Rs 2,258.54 per kl) increase on April 1. Prices were increased by a marginal 0.2 per cent on April 16.

ATF in Mumbai now costs Rs 1,15,617.24 per kl, while it is priced at Rs 1,21,430.48 in Kolkata and Rs 1,20,728.03 in Chennai. Rates differ from state to state, depending on the incidence of local taxation. Jet fuel, which makes up for almost 40 per cent of the running cost of an airline, has surged to new highs this year. ATF prices have increased every fortnight since the start of 2022. In the nine hikes beginning January 1, ATF prices have been increased by Rs 42,829.55 per kl (Rs 42.8 per litre) or over 50 per cent.

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