<p>ATF or jet fuel price was today slashed by 10 per cent but rates of non-subsidised cooking gas LPG were hiked by Rs 49.5 per cylinder on global trends.<br /><br /></p>.<p>Also, rates of non-subsidised kerosene were cut by Rs 1.05 per litre to Rs 43.19 a litre. <br /><br />Aviation Turbine Fuel (ATF) price in Delhi was reduced by Rs 4,428 per kilolitre (kl) or 9.99 per cent to Rs 39,892.32 per kl, oil companies announced today.<br /><br />This is the second reduction in a row. Prices were cut by 1.17 per cent on December 1. Rates vary at different airports because of differential local sales tax or value-added tax (VAT).<br /><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. No immediate comment was available from airlines on the impact of price reduction on passenger fares.<br /><br />Simultaneously, the oil firms raised prices of non-subsidised LPG, which consumers buy after exhausting their quota of subsidised cooking fuel, by Rs 49.5 per 14.2-kg bottle. Non-subsidised cooking gas (LPG) now costs Rs 657.50 in Delhi.<br /><br />This is the third hike in rates in as many months. Non-subsidised LPG price was last hiked by Rs 61.50 on December 1. Prior to that rates were increased by Rs 27.5 per cylinder on November 1.<br /><br />Non-subsidised or market-priced LPG is one that consumers buy after exhausting their quota of 12 bottles of 14.2-kg each at subsidised rates in a year. Subsidised LPG costs Rs 419.33 per 14.2-kg cylinder in Delhi.<br /><br />Also, the price of non-subsidised kerosene, available outside the ration shop, has been hiked to Rs 43194.82 per kl or Rs 43.19 per litre, from Rs 44,246.47 per kl.<br /><br />This is the third reduction in rate in one month. Prior to this, price of non-subsidised or non-PDS kerosene were cut by about 25 paise on December 1 and 50 paise on December 16. Subsidised kerosene currently costs Rs 14.96 a litre in Delhi.<br /><br />The three fuel retailers - Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum - revise jet fuel prices, non- subsidised LPG and non-subsidised kerosene rates on the first day of every month, based on the average international price in the preceding month.</p>
<p>ATF or jet fuel price was today slashed by 10 per cent but rates of non-subsidised cooking gas LPG were hiked by Rs 49.5 per cylinder on global trends.<br /><br /></p>.<p>Also, rates of non-subsidised kerosene were cut by Rs 1.05 per litre to Rs 43.19 a litre. <br /><br />Aviation Turbine Fuel (ATF) price in Delhi was reduced by Rs 4,428 per kilolitre (kl) or 9.99 per cent to Rs 39,892.32 per kl, oil companies announced today.<br /><br />This is the second reduction in a row. Prices were cut by 1.17 per cent on December 1. Rates vary at different airports because of differential local sales tax or value-added tax (VAT).<br /><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. No immediate comment was available from airlines on the impact of price reduction on passenger fares.<br /><br />Simultaneously, the oil firms raised prices of non-subsidised LPG, which consumers buy after exhausting their quota of subsidised cooking fuel, by Rs 49.5 per 14.2-kg bottle. Non-subsidised cooking gas (LPG) now costs Rs 657.50 in Delhi.<br /><br />This is the third hike in rates in as many months. Non-subsidised LPG price was last hiked by Rs 61.50 on December 1. Prior to that rates were increased by Rs 27.5 per cylinder on November 1.<br /><br />Non-subsidised or market-priced LPG is one that consumers buy after exhausting their quota of 12 bottles of 14.2-kg each at subsidised rates in a year. Subsidised LPG costs Rs 419.33 per 14.2-kg cylinder in Delhi.<br /><br />Also, the price of non-subsidised kerosene, available outside the ration shop, has been hiked to Rs 43194.82 per kl or Rs 43.19 per litre, from Rs 44,246.47 per kl.<br /><br />This is the third reduction in rate in one month. Prior to this, price of non-subsidised or non-PDS kerosene were cut by about 25 paise on December 1 and 50 paise on December 16. Subsidised kerosene currently costs Rs 14.96 a litre in Delhi.<br /><br />The three fuel retailers - Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum - revise jet fuel prices, non- subsidised LPG and non-subsidised kerosene rates on the first day of every month, based on the average international price in the preceding month.</p>