LPG Price hike: Jet fuel prices hiked, commercial LPG cylinders to cost more

LPG Price hike: Jet fuel price was hiked 2 per cent and the rate of commercial LPG 19-kg cylinder has been raised by ₹6.5 in the monthly revision in line with international oil price trends. Aviation turbine fuel (ATF) price was hiked ₹1,827.34 per kilolitre to ₹97,975.72 per kl, as per a price notification of state-owned fuel retailers. The ATF rate in Mumbai was increased to ₹91,650.34 per kl from ₹89,908.31 previously.
This marks the second straight monthly increase in jet fuel rates. ATF prices were on hiked by 1.2 per cent ( ₹1,179.37 per kl) in July which was was followed a steep 6.5 per cent ( ₹6,673.87 per kl) reduction on June 1.
Prices differ from state to state depending on the incidence of local taxes.
Oil firms increased the price of commercial LPG by ₹6.5 to ₹1,652.50 per 19-kg cylinder which follows four monthly price reductions in which rates were cut ₹148 per 19-kg cylinder. In Mumbai, commercial LPG now costs ₹1,605 per 19-kg cylinder which is priced at ₹1,764.50 in Kolkata and ₹1,817 in Chennai.
These prices are revised on the first of every month by state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) based on the average price of benchmark international fuel and foreign exchange rate.