Aviation turbine fuel (ATF) prices were raised by a steep Rs 16 per litre from Thursday, while the price of commercial LPG was increased by Rs 62.50 per 19-kg cylinder in step with firming international benchmarks, according to state-owned oil companies.<\/p>\n
ATF prices were increased to Rs 137 per litre from Rs 121 for domestic airlines, according to the oil companies.<\/p>\n
The latest revision comes after ATF prices were raised by Rs 6.28 per litre, or 5.46 per cent, in September, following a Rs 5 per litre increase in August. ATF accounts for up to 40 per cent of operating costs for airlines, making fuel prices a key cost factor for carriers.<\/p>\n
Alongside, commercial LPG rates were hiked by Rs 62.59 per 19-kg cylinder.<\/p>\n
Commercial LPG prices were raised by Rs 9.50 per 19-kg cylinder in September, following two consecutive monthly reductions of Rs 192 in August and Rs 183.50 in July. The cuts came after commercial LPG prices had surged to a record high in June amid disruptions to global energy supplies and elevated international prices.<\/p>\n
Commercial LPG prices had risen by Rs 1,373 per 19-kg cylinder between February and June, from Rs 1,740.50 to Rs 3,113.50, before falling in July and August.<\/p>\n
The latest changes are based on movements in international benchmark prices and the rupee-dollar exchange rate. ATF and LPG prices are revised on the first day of every month and can vary across states because of local taxes such as VAT.<\/p>\n
Prices of domestic LPG, used by households, were left unchanged at Rs 942 per 14.2-kg cylinder. Domestic cooking gas rates were increased by Rs 89 per cylinder between March and June after the West Asia crisis led to supply disruptions and a surge in international energy prices.<\/p>\n<\/p>\n
Petrol and diesel prices, which were hiked by about Rs 7.50 a litre each in May, too, remaine unchanged. (Agencies)<\/p>\n","protected":false},"excerpt":{"rendered":"
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