State-owned oil marketing companies (OMCs) have increased price of commercial liquid petroleum gas () by ₹10 to ₹2,820 for the 19 kg cylinder from Sunday, ahead of Dhanteras and Diwali, PTI reported.
Further, the price of aviation turbine fuel () has risen by ₹1.37/litre to ₹138.50/litre, it added.
Notably, the commercial are used in hotels and restaurants for cooking. The price hike by ₹10/unit to ₹2,820/unit is the second such second straight monthly increase in commercial LPG prices.
Rates of the commercial 19-kg LPG cylinders were last hiked by ₹62.50 per 19-kg cylinder on October 1. Prior to that, rates had gone up by ₹9.50 on September 1, as per the report.
It further added that the two-month increases followed two consecutive monthly reductions of ₹192 in August and ₹183.50 in July. These followed after commercial prices surged to a record high in June amid disruptions to global energy supplies and elevated international prices amid the war in the Middle East.
Commercial LPG prices surged ₹1,373 per 19-kg cylinder between February and June, from ₹1,740.50 to ₹3,113.50, before falling in July and August.
Further, jet fuel (ATF) prices were increased to ₹138.50/litre from ₹137.12/litre in the fourth straight monthly increase in j, due to firm international rates and benchmarks, it added.
Prices were last raised by a steep ₹16 a litre on October 1. Prior to that, ATF prices were hiked by ₹6.28 per litre on September 1 and by ₹5 a litre on August 1. Jet fuel accounts for up to 40 per cent of the operating cost of airlines, and the price hike will further push up carrier expenditure.
Prices of domestic LPG, used by households, were left unchanged at ₹942 per 14.2-kg cylinder. Domestic cooking gas rates were increased by ₹89 per cylinder between March and June after the West Asia crisis led to supply disruptions and a surge in international energy prices.
Petrol and diesel prices, which were hiked by about ₹7.50 a litre each in May, too, remained unchanged.
The latest changes are based on movements in international benchmark prices and the rupee-dollar exchange rate. ATF and LPG prices are revised on the first day of every month and can vary across states because of local taxes such as VAT.
(With inputs from PTI)
