Commercial LPG Price Hiked by Rs 62.50, ATF Up Rs 16

Aviation turbine fuel (ATF) prices were raised by a steep Rs 16 per litre from Thursday, while the price of commercial LPG was increased by Rs 62.50 per 19-kg cylinder in step with firming international benchmarks, according to state-owned oil companies. 

ATF prices were increased to Rs 137 per litre from Rs 121 for domestic airlines, according to the oil companies. The latest revision comes after ATF prices were raised by Rs 6.28 per litre, or 5.46 per cent, in September, following a Rs 5 per litre increase in



August. 

ATF accounts for up to 40 per cent of operating costs for airlines, making fuel prices a key cost factor for carriers.

Alongside, commercial LPG rates were hiked by Rs 62.59 per 19-kg cylinder. Commercial LPG prices were raised by Rs 9.50 per 19-kg cylinder in September, following two consecutive monthly reductions of Rs 192 in August and Rs 183.50 in July. 

The cuts came after commercial LPG prices had surged to a record high in June amid disruptions to global energy supplies and elevated international prices.