This comes a day after petrol and diesel prices were hiked.

news Wednesday, June 01, 2016 - 11:32

On Wednesday Twitterati reacted strongly as oil firms raised prices of non- subsidised LPG by Rs 21 for every 14.2-kg cylinder, the second hike in rates within a month’s time.

This steep hike comes close to the heels of Rs 18 per cylinder increase in price on May 1 and a day after petrol and diesel prices were hiked.

Consumers buy non-subsidized cooking gas after exhausting their quota of 12 cylinders in a month, by Rs 21 per 14.2-kg cylinder, the second monthly increase in rates.

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.

Non-subsidised cooking gas (LPG) now costs Rs 548.50 in Delhi as against Rs 527.50 previously. Subsidised LPG costs Rs 419.18 per 14.2-kg cylinder in Delhi.

Wednesday also saw a price hike in Aviation turbine fuel or jet fuel price by a steep 9.2 per cent, while that of non-subsidised cooking gas was raised by Rs 21 per cylinder.

In the fourth straight monthly increase in rates on global cues, ATF price in Delhi was increased by Rs 3,945.47 per kilolitre, or 9.2 per cent, to Rs 46,729.48 per kilolitre, the oil companies announced today.

The hike comes on the back of 1.5 per cent increase effected on May 1 and a steep Rs 3,371.55 (8.7 per cent) hike on April 1. Prior to that, rates were hiked by steep 12 per cent, or by 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 latest 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.

(With PTI Inputs)

Become a TNM Member for just Rs 999!
You can also support us with a one-time payment.