ATF price hiked 3 pc; No change in LPG, petrol, diesel rates

New Delhi, August 1 (PTI): Jet fuel or ATF price on Saturday was hiked by 3 per cent, the fifth straight increase in two months, while there was no change in rates of cooking gas LPG, petrol and diesel.

Aviation turbine fuel (ATF) rates went up by INR 1,304.25 per kilolitre or 3 per cent in the national capital to INR 43,932.53 per kl, according to a price notification of state-owned oil companies.

ATF price was last hiked by 1.5 per cent or INR 635.47 per kl, on July 16. This was the fifth straight increase since June. In four hikes, rates went up by INR 22,483.91 per kl.

Rates were hiked by a record 56.6 per cent (INR 12,126.75 per kl) on June 1, followed by INR 5,494.5 per kl (16.3 per cent) increase on June 16. Price was hiked by INR 2,922.94 per kl or 7.48 per cent on July 1.

ATF prices are revised on 1st and 16th of every month based on average of benchmark international price and foreign exchange rate in the preceding fortnight.

Petrol and diesel prices, which are revised on a daily basis, were kept unchanged on Saturday.

The price of petrol has not changed for over a month now. It sells for INR 80.43 a litre in the national capital since June 29.

Diesel, on the other hand, has seen sporadic rates revisions. It currently sells for INR 73.56 per litre in the national capital.

Petrol price rose by INR 9.17 per litre between June 7 and June 29 while diesel rates increased by INR 12.55 per litre since June 7.

Cooking gas rates too were unchanged on Saturday.

Non-subsidised cooking gas LPG rates were last revised on July 1 when prices went up by INR 1 to INR 594 per 14.2-kg cylinder in the national capital.

This increase reversed a four-month declining trend in rates. Prices had come down from INR 858.50 in February to INR 593 in June – INR 265.5 in all.

Non-subsidised LPG is cooking gas that a consumer buys after exhausting his or her quota of 12 cylinders of 14.2-kg at subsidised rates.