Industry

ATF price hiked 3%; no change in LPG, petrol, diesel rates

ATF price was last hiked by 1.5% or ₹635.47 per kl, on July 16.

ATF price was last hiked by 1.5% or ₹635.47 per kl, on July 16.  

Jet fuel or ATF price on Saturday was hiked by 3%, 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 ₹1,304.25 per kilolitre or 3% in the national capital to ₹43,932.53 per kl, according to a price notification of state-owned oil companies.

Also read: Fuel price hikes ‘new example of forced extortion’: Sonia Gandhi

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

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

Also read: Rising fuel prices, increasing concerns

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 ₹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 ₹73.56 per litre in the national capital.

Petrol price rose by ₹9.17 per litre between June 7 and June 29 while diesel rates increased by ₹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 ₹1 to ₹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 ₹858.50 in February to ₹593 in June - ₹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.

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Printable version | Aug 13, 2020 6:56:13 PM | https://www.thehindu.com/business/Industry/atf-price-hiked-3-no-change-in-lpg-petrol-diesel-rates/article32248168.ece

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