ATF price cut by 3.7%, LPG hiked by Rs 2 per cylinder

0
314
ATF price mcrworld

 (Aviation turbine fuel) ATF price was today slashed by 3.7 percent while subsidised LPG rate was hiked by Rs 2.07 per cylinder, the seventh increase in cooking gas price in six months.

ATF price or jet fuel price was hiked by Rs 1,881 per kilolitre or 3.7 percent, to Rs 48,379.63 per kl in Delhi. The reduction comes after two rounds of hikes as the last one being on November 1 by a steep of 7.3 percent

The reduction comes after two rounds of hikes, the last one being on November 1 by a steep 7.3 percent.

ATF  price or jet fuel price was hiked by Rs 1,881 per kilolitre (kl), or 3.7 percent, to Rs 48,379.63 per kl in Delhi.

Since July this is the seventh increase in price when the government determined to go in for little hikes of up to Rs 2 per bottle every month to slash down its subsidy outgo.

Related News – India’s fuel demand rose 3.9 percent in July

Simultaneously, the rate of subsidised LPG rate was hiked and it will now cost Rs 432.71 per 14.2-kg cylinder as against Rs 430.64 previously.

LPG rates were last hiked on November 1 by Rs 2.05 per cylinder. Prior to that rate was hiked on October 28 by Rs 1.5 per cylinder on account of hike in commission paid to dealers.

Diesel price was deregulated in November 2014 after the previous UPA government affected 50 paise hikes every month to eliminate subsidies.

The government had decided to take the diesel route for eliminating subsidies on LPG and kerosene.

Approximately Rs 2 per cylinder hike in LPG every month is also aimed at achieving the same principle.

Delhi has been declared a kerosene-free state and no subsidised PDS kerosene is sold in the national capital.

Related News – IOC will lay India’s longest LPG pipeline

The 9th hike in kerosene, since July, was effected today. A litre of kerosene now costs Rs 17.51 in Mumbai.

In case of kerosene, the government has allowed state-owned oil companies to raise the price by 25 paise a litre every fortnight for 10 months.

LEAVE A REPLY