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LPG price up Rs 50 per cylinder, ATF rises by 6.3%

LPG price up Rs 50 per cylinder, ATF rises by 6.3%

New Delhi: Cooking gas LPG price on Wednesday was increased by Rs 50 per cylinder, the second hike in rate this month following firming of international prices. Also, aviation turbine fuel (ATF) price was raised by a steep 6.3 per cent.

Non-subsidised LPG price was increased to Rs 694 per 14.2-kg cylinder from Rs 644 earlier, according to a price notification of state fuel marketing companies. This is the second increase in rate this month. On December 1, price was hiked by a similar Rs 50 per cylinder.

Prior to that, the price had remained unchanged at Rs 594 a cylinder since July. This was the same rate at which subsidised LPG refills are also sold.

Since May, most cooking gas customers have not received subsidies as the combination of international oil price collapse and domestic refill rate increases brought parity between subsidised and market rates.

A subsidised cooking gas cylinder was priced at Rs 497 in Delhi in June 2019. Since then, prices have cumulatively gone up by Rs 147.

However, the increase in rates this month would mean that the government will have to resume paying subsidies to consumers.

Simultaneously, the price of jet fuel was hiked by Rs 2,941.5 per kilolitre, or 6.3 per cent, in Delhi to Rs 49,161.16 per kl. This is the second increase in ATF price this month. Rates had gone up by 7.6 per cent (Rs 3288.38 per kl) on December 1.

Alongside an increase in the price of 14.2-kg LPG cylinders, rates of the 5-kg bottles were increased by Rs 18 and those of the 19-kg cylinders by Rs 36.50.

Non-subsidised LPG now costs Rs 720.50 in Kolkata, Rs 694 in Mumbai, and Rs 710 in Chennai. Rates defer from state to state depending on the incidence of local sales tax or VAT.

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