Aviation turbine fuel or jet fuel price was on Wednesday hiked by a steep 9.2%, while that of non-subsidised cooking gas was raised by Rs 21 per cylinder.
In the fourth straight monthly increase in rates on global cues, ATF price in Delhi was increased by Rs 3,945.47 per kilolitre, or 9.2%, to Rs 46,729.48 per kilolitre, the oil companies announced on Wednesday.
The hike comes on the back of 1.5% increase effected on May 1 and a steep Rs 3,371.55 (8.7%) hike on April 1. Prior to that, rates were hiked by steep 12%, or by Rs 4,174.49, on March 1.
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 cost and the latest price increase will add to the financial burden of cash-strapped carriers.
No immediate comment was available from airlines on the impact of the price increase on passenger fares.
Simultaneously, the oil firms raised prices of non-subsidised LPG, which consumers buy after exhausting their quota of 12, by Rs 21 per 14.2-kg cylinder, the second monthly increase in rates.
01/06/16 PTI/DNA
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In the fourth straight monthly increase in rates on global cues, ATF price in Delhi was increased by Rs 3,945.47 per kilolitre, or 9.2%, to Rs 46,729.48 per kilolitre, the oil companies announced on Wednesday.
The hike comes on the back of 1.5% increase effected on May 1 and a steep Rs 3,371.55 (8.7%) hike on April 1. Prior to that, rates were hiked by steep 12%, or by Rs 4,174.49, on March 1.
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 cost and the latest price increase will add to the financial burden of cash-strapped carriers.
No immediate comment was available from airlines on the impact of the price increase on passenger fares.
Simultaneously, the oil firms raised prices of non-subsidised LPG, which consumers buy after exhausting their quota of 12, by Rs 21 per 14.2-kg cylinder, the second monthly increase in rates.
01/06/16 PTI/DNA
