Jet fuel price hiked by 8.2%, non-subsidised LPG to cost Rs 5 more
Business & Economy

Jet fuel price hiked by 8.2%, non-subsidised LPG to cost Rs 5 more

NetIndian News Network

New Delhi, March 1, 2015

The public sector oil marketing companies (OMCs) today increased the price of aviation turbine fuel (ATF) by 8.2 per cent and that of non-subsidised liquefied petroleum gas (LPG) cylinders for domestic customers by Rs 5 per 14.2 kg cylinder.
The price of jet fuel went up for domestic airlines to Rs 50,363 from Rs 46,513.03 per kilolitre in Delhi with effect from today.
The new prices are Rs 59479 per kilolitre in Kolkata, Rs 51704 in Mumbai and Rs 55346 in Chennai.
For international airlines, the new prices are $ 640 per kilolitre in Delhi, $ 682 in Kolkata, $ 645 in Mumbai and $ 647 in Chennai.
Before today's increase, the ATF price had been cut by Rs 23,648.73 (about 33 per cent) in seven monthly reductions since August last year. Jet fuel price constitutes abut 40 per cent of an airline's operating costs.
In the case of non-subsidised LPG, the prices have been raised to Rs 610 per 14.2 kg cylinder in Delhi, Rs 646 in Kolkata, Rs 624 in Mumbai and Rs 605.50 in Chennai.
Here, again, today's increase has come after seven reductions since August last year, adding up to a total cut of Rs 317.50 per cylinder.
Domestic consumers are entitled to 12 cylinders at subsidised rate, which is currently Rs 417 in Delhi, in a year. They have to buy additional cylinders, if needed, at the non-subsidised price.

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