Price Hike Hits Commercial LPG and Aviation Fuel at the Start of November

New Delhi, November 1 (Daily Kiran) : As November begins, consumers in New Delhi are facing a price hike for commercial liquefied petroleum gas (LPG) and aviation turbine fuel (ATF). Oil marketing companies have raised the price of a 19-kilogram commercial LPG cylinder by ₹10, bringing the total cost to ₹2,820.

This marks the second consecutive month of increases for commercial LPG, following a significant rise of ₹62.50 per cylinder in October and a ₹9.50 increase in September. Earlier, in July and August, prices had seen substantial reductions of ₹183.50 and ₹192, respectively. However, between February and June, commercial LPG prices surged by ₹1,373, escalating from ₹1,740.50 to a record ₹3,113.50 per cylinder.

Under the revised rates, the price for a new connection of a 5-kilogram free trade LPG (FTL) cylinder is set at ₹1,903, while the refill cost remains at ₹782. Fortunately for domestic consumers, the price of the 14.2-kilogram domestic LPG cylinder has not changed and remains steady at ₹942. Additionally, there has been no alteration in petrol and diesel prices since the increase in May.

In a further blow to the aviation sector, ATF prices have risen by ₹1.37 per liter, now costing ₹138.50 per liter, up from ₹137.12. This marks the fourth consecutive month of price increases for aviation fuel, driven by robust crude oil and ATF prices in the international market. With ATF accounting for nearly 40% of airlines’ total operational costs, this hike is likely to have a direct impact on airline expenses.

Oil companies adjust LPG and ATF prices on the first day of each month based on international benchmark rates and the rupee-dollar exchange rate. Local variations may occur due to state VAT and other taxes.