Jet fuel price up 6%; may lead to hike in airfares

Cooking gas price was hiked by Rs 1.50 a cylinder in line with the govt's decision to raise rates every month to eliminate subsidies by March

State-run oil marketing companies on Sunday increased aviation turbine fuel (ATF) price by 6 per cent, the third straight rise since August. The revision adds to the cost pressure of airlines and could lead to rise in fares.

Also, cooking gas price was hiked by Rs 1.50 a cylinder in line with the government’s decision to raise rates every month to eliminate subsidies by March. A subsidised 14.2-kg LPG cylinder will cost Rs 488.68 in Delhi from Sunday, as against Rs 487.18 previously.

A kilolitre (kl) of jet fuel would cost Rs 53,045 in Delhi, as against Rs 50,020 earlier.