New Delhi: After petrol and diesel, prices of non-subsidised cooking gas, non-PDS (public distribution system) kerosene and aviation turbine fuel (ATF) were raised on Sunday, in line with global trends.For latest news on Business & Budget 2017, like us on Facebook and follow us on Twitter.
Petrol and diesel prices were late night on Saturday hiked by Rs 1.06 a litre and Rs 2.94 a litre respectively.
The increase was followed up on Sunday with a nearly Rs 3 per litre hike in the price of non-PDS kerosene, according to state-owned oil companies.
Kerosene sold to the non-ration card segment outside the subsidised public distribution system 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 cylinders per year, 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.
The price of aviation turbine fuel (ATF), or jet fuel, was hiked by 1.5 per cent on Sunday.
ATF price in Delhi was raised by Rs 627 per kilolitre, or 1.48 per cent, to Rs 42,784.01 per kl. The hike comes on the back of a steep hike of 8.7 per cent or Rs 3,371.55 per kl on April 1.
Prior to that, rates were hiked by a 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.