Published On : Wed, May 1st, 2019

LPG, ATF price hiked on firming global rates

Nagpur : Subsidised cooking gas (LPG) price on Wednesday was hiked by 28 paisa per cylinder and now costs over Rs 82 more than the rate in 2014, when the Bharatiya Janata Party 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.

The 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.

With this increase, the price of subsidised LPG has gone up by over 82 or about a fifth in last five years.

Subsidised LPG was priced at Rs 414 per cylinder in early 2014.

Simultaneously, the price of non-subsidised LPG was increased by Rs 6 per 14.2-kg cylinder to Rs 712.50.

This is the third straight increase in LPG rate.

Non-subsidised LPG is the gas that consumer buys after exhausting their quota of 12 cylinders of 14.2-kg at sub-market or subsidised rates in a year.

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.