Cooking gas LPG price on Wednesday was increased by Rs 50 per cylinder, the second hike in rate this month following firming of international prices.
Also, aviation turbine fuel (ATF) price was raised by a steep 6.3 per cent. Non-subsidized LPG price was increased to Rs 694 per 14.2-kg cylinder from Rs 644 earlier, according to a price notification of state fuel marketing companies.
This is the second increase in rate this month. On December 1, the price was hiked by a similar Rs 50 per cylinder. Before that, the price had remained unchanged at Rs 594 a cylinder since July.
This was the same rate at which subsidized LPG refills are also sold. Since May, most cooking gas customers have not received subsidies as the combination of international oil price collapse and domestic refill rate increases brought parity between subsidized and market rates.
A subsidized cooking gas cylinder was priced at Rs 497 in Delhi in June 2019. Since then, prices have cumulatively gone up by Rs 147.
This is the second increase in ATF price this month. Rates had gone up by 7.6 per cent on December 1. Like LPG, ATF prices to are revised on the 1st and 16th of every month based on the average rate of benchmark international fuel and foreign exchange rate in the preceding fortnight.