<p>Jet fuel price was hiked by a steep 7.5 per cent today and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder in step with global firming of rates.<br /><br /></p>.<p>Price of aviation turbine fuel (ATF), or jet fuel, in Delhi was raised by Rs 3,744.08 per kilolitre (kl), or 7.54 per cent, to Rs 53,353.92, oil companies announced today.<br />On May 1, ATF price was hiked by a marginal Rs 272 per kl or 0.5 per cent to Rs 49,609.84.<br /><br />Following global trends, the price of non-subsidised or market-priced domestic cooking gas (LPG) was hiked to Rs 626.50 per 14.2-kg cylinder in Delhi from Rs 616 till yesterday.<br />The price hike comes on the back of a Rs 5 per 14.2-kg cut in rates effected from May 1.<br />Non-domestic LPG, which consumers buy after exhausting their quota of 12 bottles of 14.2-kg each at subsidised rates, will cost Rs 626.50 as against Rs 616 per 14.2-kg cylinder.<br /><br />Households are entitled to 12 cylinders of 14.2-kg each or 34 bottles of 5-kg each at subsidised rates of Rs 417 or Rs 155, respectively in Delhi. Any requirement beyond this has to be bought at the market price.<br /><br />While the market priced or non-subsidised 14.2-kg cylinder will cost Rs 626.50 from today, the in 5-kg pack will cost Rs 318.50. Following similar trends, rates of market-priced 19 kg LPG cylinder has been hiked to Rs 1,151 per bottle from Rs 1,134.<br />Rates vary from state-to-state depending on the incidence of local sales tax or VAT.<br />Jet fuel constitutes over 40 per cent of an airline's operating costs and the price cut will reduce the financial burden on cash-strapped carriers.<br /><br />No immediate comment was available from airlines on the impact of the price hike on passenger fares. State-owned fuel retailers, Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise jet fuel and non-subsidised LPG prices on the first of every month based on average imported cost and rupee-dollar exchange rate. The same on petrol and diesel is done on a fortnightly basis.</p>
<p>Jet fuel price was hiked by a steep 7.5 per cent today and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder in step with global firming of rates.<br /><br /></p>.<p>Price of aviation turbine fuel (ATF), or jet fuel, in Delhi was raised by Rs 3,744.08 per kilolitre (kl), or 7.54 per cent, to Rs 53,353.92, oil companies announced today.<br />On May 1, ATF price was hiked by a marginal Rs 272 per kl or 0.5 per cent to Rs 49,609.84.<br /><br />Following global trends, the price of non-subsidised or market-priced domestic cooking gas (LPG) was hiked to Rs 626.50 per 14.2-kg cylinder in Delhi from Rs 616 till yesterday.<br />The price hike comes on the back of a Rs 5 per 14.2-kg cut in rates effected from May 1.<br />Non-domestic LPG, which consumers buy after exhausting their quota of 12 bottles of 14.2-kg each at subsidised rates, will cost Rs 626.50 as against Rs 616 per 14.2-kg cylinder.<br /><br />Households are entitled to 12 cylinders of 14.2-kg each or 34 bottles of 5-kg each at subsidised rates of Rs 417 or Rs 155, respectively in Delhi. Any requirement beyond this has to be bought at the market price.<br /><br />While the market priced or non-subsidised 14.2-kg cylinder will cost Rs 626.50 from today, the in 5-kg pack will cost Rs 318.50. Following similar trends, rates of market-priced 19 kg LPG cylinder has been hiked to Rs 1,151 per bottle from Rs 1,134.<br />Rates vary from state-to-state depending on the incidence of local sales tax or VAT.<br />Jet fuel constitutes over 40 per cent of an airline's operating costs and the price cut will reduce the financial burden on cash-strapped carriers.<br /><br />No immediate comment was available from airlines on the impact of the price hike on passenger fares. State-owned fuel retailers, Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise jet fuel and non-subsidised LPG prices on the first of every month based on average imported cost and rupee-dollar exchange rate. The same on petrol and diesel is done on a fortnightly basis.</p>