Non-subsidised LPG, kerosene, ATF prices hiked

After petrol and diesel, rates of non-subsidised cooking gas, non-PDS kerosene and aviation turbine fuel (ATF) were today raised in line with global trends.

Petrol price was late last night hiked by Rs. 1.06 a litre to Rs. 62.19 per litre in Delhi and diesel by Rs. 2.94 to Rs. 50.95 a litre.

The increase was followed up today with nearly Rs. 3 per litre hike in price of non-PDS kerosene, according to state-owned oil companies.

Kerosene sold to non-ration card segment outside the subsidised public distribution system (PDS) will cost Rs. 49,109.05 per kilolitre (kl) or Rs. 49.1 a litre in Delhi as against Rs. 46,172.13 per kl previously.

Simultaneously, the oil firms raised prices of non-subsidised LPG, which consumers buy after exhausting their quota of 12, by Rs. 18 per 14.2-kg cylinder.

Non-subsidised cooking gas (LPG) now costs Rs. 527.50 in Delhi as against Rs. 509.50 previously. The hike comes on back of three straight monthly reductions. Prices were last cut by Rs. 4 on April 1. Rates were reduced by Rs. 61.50 on March 1 and Rs. 82.5 per 14.2-kg bottle on February 1.

Subsidised LPG costs Rs. 419.15 per 14.2-kg cylinder in Delhi.

Aviation Turbine Fuel (ATF), or jet fuel, price was today hiked by 1.5 per cent.

ATF price in Delhi was raised by Rs. 627 per kilolitre, or 1.48 pr cent, to Rs. 42,784.01 per kl. The hike comes on the back of a steep 8.7 per cent or Rs. 3,371.55 per kl hike on April 1.

Prior to that, rates were hiked by steep 12 per cent, or Rs. 4,174.49, on March 1.

Rates vary at different airports because of differential local sales tax or value-added tax (VAT).

Jet fuel constitutes over 40 per cent of an airline’s operating cost and the price increase will add to the financial burden of cash-strapped carriers.

No immediate comment was available from airlines on the impact of the price increase on passenger fares.

The three fuel retailers — Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum — revise jet fuel and non-subsidised LPG prices on the first day of every month, based on the average international price in the preceding month.

The ATF price cut on March 10 was on account of change in taxation.

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Source:Thehindu

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