Commercial LPG rates increase by ₹10, ATF prices up by ₹1.37 per litre ...Middle East

Economy by : (Business Standard) -
Aviation turbine fuel (ATF) prices rose by Rs 1.37 per litre from Sunday, and commercial LPG rates increased by Rs 10 per 19-kg cylinder in step with firming international benchmarks, according to state-owned oil firms. ATF prices were increased to Rs 138.50 per litre from Rs 137.12 per litre. This is the fourth straight monthly increase in jet fuel (ATF) prices, necessitated by firming rates of international benchmarks. Prices were last raised by a steep Rs 16 a litre on October 1. Prior to that, ATF prices were hiked by Rs 6.28 per litre on September 1 and by Rs 5 a litre on August 1. Jet fuel accounts for up to 40 per cent of the operating cost of airlines, and the price hike will further push up carrier expenditure. Alongside, rates of commercial LPG - cooking gas used in hotels and restaurants - were hiked by Rs 10 per 19-kg cylinder to Rs 2,820, according to the oil companies. This is the second straight monthly increase in commercial LPG prices. Rates were last hiked by Rs

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