LPG ATF price hiked on firming global rates

first_imgNew Delhi: Subsidised cooking gas (LPG) price on Wednesday was hiked by 28 paise per cylinder and now costs over Rs 82 more than the rate in 2014, when the BJP government came to power.Also, Jet fuel (ATF) price was hiked by over 2.5 per cent, the third straight monthly increase in rates on the back of firming global prices, according to a price notification issued by state-owned oil firms. The price of Aviation Turbine Fuel (ATF) was hiked by Rs 1,595.63 per kilolitre, or 2.5 per cent, to Rs 65,067.85 per kl in the national capital. Also Read – India gets first tranche of Swiss account details under automatic exchange frameworkThe increase comes on the back of a Rs 677.1 per kl hike in rates effected from April 1, and a steep 8.1 per cent (Rs 4,734.15 per kl) jump in prices on March 1. LPG price was hiked by Rs 0.28 per cylinder and that of non-subsidised gas by Rs 6 per bottle. A 14.2-kg subsidised LPG cylinder will now cost Rs 496.14 in the national capital as against Rs 495.86 previously. The hike in ATF rates will add to the burden of cash strapped airlines that are already reeling under pressure from cut-throat competition in the sector.last_img