Prices of cooking gas, jet fuel hiked

New Delhi: Price of subsidised cooking gas was hiked by Rs 4.50 per cylinder and jet fuel by 2 per cent.

The increase in cooking gas price is the 19th increase in rates since July 2016 when the government decided to eliminate subsidy on it by raising prices every month. Subsidised LPG price has been hiked by Rs 4.50 per 14.2- kg cylinder to Rs 495.69.

As per website of Indian Oil Corporation, the current price of a subsidised 14.2 kg LPG cylinder is Rs 498.43 in Kolkata, Rs 495.69 in Delhi, Rs 498.38 in Mumbai and Rs 483.69 in Chennai.

The price of non-subsidised LPG or market priced cooking gas has been hiked by Rs 93 to Rs 742 per bottle. At the last revision on October 1 the rate was hiked by Rs 50 to Rs 649 per bottle.

The jet fuel price hike is the fourth straight increase in rates since August, according to price notification posted by state-owned retailers.

The government last year had asked state-run oil firms to raise prices every month to eliminate all the subsidies by March next year.

Since the implementation of the policy of monthly increases from July last year, subsidised LPG rates have gone up by Rs 76.51 per cylinder. A 14.2-kg LPG cylinder was priced at Rs 419.18 in June 2016.

Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year. Any requirement beyond that is to be purchased at market price.

Aviation turbine fuel (ATF) will now cost Rs 54,143 per kilolitre (kl) in Delhi, Rs 1,098 per kl more than Rs 53,045 previously, oil companies said.

This is the fourth consecutive monthly hike in ATF price, the last being 6 per cent (Rs 3,025 per kl) on October 1.

State-owned oil firms revise rates of LPG and ATF on 1st of every month based on average oil price and foreign exchange rate in the previous month.

 

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