Jet fuel or ATF price on Friday was hiked by the steepest-ever 14 per cent -- the third straight increase, while the commercial cooking gas rate was cut by Rs 157.5 per cylinder in line with divergent trends in international benchmarks.

Aviation turbine fuel (ATF) price was increased by Rs 13,911.07 per kilolitre, or 14.1 per cent, in the national capital to Rs 1,12,419.33 per kl, according to a price notification of state-owned fuel retailers.