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Business News›Industry›Energy›Oil & Gas›ATF price up 50%, LPG up Rs 11.5 per cylinder
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    ATF price up 50%, LPG up Rs 11.5 per cylinder

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    ATF price up 50%, LPG up Rs 11.5 per cylinder
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    Synopsis

    Rates of subsidized gas have been rising following a government directive last year to hike prices by at least Rs 4 every month.

    lpg-bccl
    A refill in Delhi will now cost Rs 593 per cylinder.
    NEW DELHI: Oil companies have raised the rates of jet fuel by 50% following a rise in international rates, pushing up cost for airlines that resumed passenger flights last week after a gap of two months.

    State oil companies have also raised the prices of non-subsidised cooking gas by Rs 11.50 per cylinder. A refill in Delhi will now cost Rs 593 per cylinder. State oil companies no more publish prices for subsidized cooking gas. Rates of subsidized gas have been rising following a government directive last year to hike prices by at least Rs 4 every month.

    Domestic fuel prices have begun increasing in line with the recovery in the international oil markets. Crude oil prices are up a third in a month, pushing up rates for refined products such as petrol, diesel, cooking gas and jet fuel in the international market.



    Jet fuel costs Rs 33,575 per kilolitre in Delhi from Monday, up from Rs 22,544 in May, according to Indian Oil Corp website. In Mumbai, the new rate is Rs 33,070 per kilolitre. Indian Oil and other ATF suppliers mostly revise rates at the beginning of every month.
    Growfast

      For most budget airlines, fuel contributes 40% of their total cost. Cost expansion would increase challenges for airlines already facing a storm from the pandemic and lockdown.



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