ATF price hiked 4.2 per cent, commercial LPG rates cut by Rs 115.5

Jet fuel ATF price on Tuesday was hiked by 42 per cent but that of commercial LPG used in nonresidential establishments such as hotels and restaurants was cut by Rs 1155 per 19kg cylinder reflecting global energy trendsAviation turbine fuel ATF price was hiked by Rs 484237 per kilolitre or 419 per cent to Rs 12036264 per kl in the national capital according to a price notification of stateowned fuel retailersThis reverses a 45 per cent cut in jet fuel prices affected last monthSeparately the oil firms reduced the price of a 19kg commercial LPG cylinder to Rs 1744 from Rs 185950 in the national capitalThis is the seventh reduction in the price of commercial LPG since June in step with softening of international energy pricesAlso Read Gujarat polls Rahul Gandhi promises loan waiver and free electricity to farmers LPG cylinder at Rs 500In all rates have come down by Rs 610 per 19kg cylinderHowever rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1053 per 142kg cylinderThis is because the rates of domestic cooking gas were way lower than cost and now with a drop in international prices they are at breakeven industry sources saidCommercial LPG rates on the other hand have largely been aligned with cost and so they have moved in tandem with the rise and fall in international pricesRates differ from state to state depending on the incidence of local taxes Prices are benchmarked to international rates of jet fuel and LPG which do not necessarily move in sync with each other Prices are determined by global demand and supply situationWhile commercial LPG rates are revised once a month ATF prices are changed every fortnight But there was no change in jet fuel prices on October 16 Prior to that they were cut Rs 552117 or 45 per cent on October 1 and by 07 per cent on September 1Petrol and diesel prices however continued to remain on freeze for a record near seven months Petrol costs Rs 9672 per litre in the national capital and diesel comes for Rs 8962This story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever