New Delhi: Aviation turbine fuel (ATF) or jet fuel prices were Thursday raised by 5.5% on global trends, while rates of non-subsidized cooking LPG were cut by 42 per cylinder. Also, rates of non-subsidized kerosene were increased by 54 paisa to 43.18 per litre.

ATF prices in Delhi were raised by 2,245.92 per kilolitre (kl), or 5.48%, to 43,184.16 per kl, oil companies announced on Thursday. The hike comes after a steep 11.7%, or 5,469.12 per kl, cut in rates to 40,938.24 per kl effected from 1 September, the third in straight monthly reduction.

Rates vary at different airports because of differential local sales tax or value-added tax (VAT). Jet fuel constitutes over 40% of an airline’s operating costs and the price increase will raise the financial burden on cash-strapped carriers.

Oil marketing firms have also cut prices of non-subsidized LPG, which consumers buy after exhausting their quota of subsidized cooking fuel, by 42 per 14.2kg cylinder. Non-subsidized cooking gas now costs 517.50 in Delhi. Non-subsidized LPG price was last cut by 25.50 on 1 September. Prior to that rates were cut by 23.50 on 1 August and by 18 per cylinder on 1 July. Subsidized LPG costs 417.82 per 14.2kg cylinder in Delhi.

Also, the price of non-subsidized kerosene, available outside the ration shop, has been raised to 43.18 per litre. Subsidised kerosene currently costs 14.96 per litre in Delhi.

The three fuel retailers—Indian Oil Corp. Ltd, Hindustan Petroleum Corp. Ltd and Bharat Petroleum Corp. Ltd—revise jet fuel prices, non- subsidized LPG and non-subsidized kerosene rates on the first day of every month, based on the average international price in the preceding month.

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