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ATF price hiked by 7.5 pc; petrol, diesel rates unchanged for 2nd straight day

By PTI Updated: Jul 01, 2020 10:58 am

New Delhi, July 1 (PTI): Jet fuel or ATF price on Wednesday was hiked by 7.5 per cent, the third increase in a month, while petrol and diesel rates were unchanged for the second day in a row.

Aviation turbine fuel (ATF) price was hiked by INR 2,922.94 per kilolitre (kl), or 7.48 per cent, to INR 41,992.81 per kl in the national capital, according to a price notification by state-owned oil marketing companies.

This is the third straight increase in ATF prices in a month. 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.

Simultaneously, non-subsidised cooking gas LPG rates were increased by Re 1 to INR 594 per 14.2-kg cylinder in the national capital. Prices were up by INR 4 in other metros mostly because of different local sales tax or VAT rate.

On the other hand, petrol and diesel prices were unchanged for the second day in a row.

This, after diesel rates scaled a new high after prices were hiked 22 times in just over three weeks.

In Delhi, a litre of petrol comes for INR 80.43 per litre, while diesel is priced at INR 80.53 per litre.

Rates vary from state to state depending on the incidence of local sales tax or VAT.

While the diesel price had been hiked on 22 occasions since June 7, petrol price had been raised on 21 occasions. The cumulative increase since the oil companies started the cycle on June 7 totals to INR 9.17 for petrol and INR 11.14 for diesel.

By PTI Updated: Jul 01, 2020 10:58:10 am