Aviation turbine fuel (ATF) prices were today cut by 3.7 per cent, while subsidised LPG rate was hiked by Rs. 2.07 per cylinder, the seventh increase in cooking gas price in six months.
ATF or jet fuel prices were cut by Rs. 1,881 per kilolitre (kl), or 3.7 per cent, to Rs. 48,379.63
per kl in Delhi. The reduction comes after two rounds of hikes, the
last one being on November 1 by a steep 7.3 per cent.
Simultaneously, subsidised LPG rates were hiked and it will now cost Rs. 432.71 per 14.2-kg cylinder as against Rs. 430.64 previously.
This is the seventh increase in price since July when the government had decided to go in for small hikes of up to Rs. 2 per bottle every month to cut down its subsidy outgo.
LPG rates were last hiked on November 1 by Rs. 2.05 per cylinder. Prior to that, the rate was hiked on October 28 by Rs. 1.5 per cylinder on account of hike in commission paid to dealers.
Prices of non-subsidised cooking gas (LPG), which consumers buy after
exhausting the quota of 12 bottles of 14.2-kg each per household in a
year, was hiked by Rs. 54.5 to Rs. 584.
The hike comes on the back of Rs. 37.5 hike on November 1.
No comments:
Post a Comment