Friday, April 01, 2016

Jet fuel costlier, cooking gas cheaper

The public sector oil marketing companies on Friday increased the prices of aviation turbine fuel by 8.7 per cent while cutting the price of non-subsidised cooking gas or liquefied petroleum gas by Rs 4 per cylinder.

ATF will now cost Rs 42,157 per kilo-litre in Delhi, up by Rs 3,371.55.

Prices of ATF and other petroleum products vary from state to state depending on local sales tax.

The increase comes on the back of a marginal 1.3 per cent or Rs 515.85 cut in rates on March 10. On March 1, price of ATF was increased by 12 per cent, or Rs 4,174.49, almost neutralising a Rs 4,765.5 cut on February 1.

Jet fuel accounts for over 40 per cent of an airline's operating cost in India and the price increase will add to the financial burden on cash-strapped carriers.

No immediate comment was available from airlines on the impact of the price increase on passenger fares.

Simultaneously, the oil firms cut prices of non-subsidised LPG, which consumers buy after exhausting their quota of 12, by Rs 4 per 14.2-kg bottle.
01/04/16 The Telegraph
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