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Jet Fuel Prices Double, Commercial LPG Hiked Rs 195.50 as Oil Soars

State-owned oil marketing companies have implemented sharp price hikes for aviation turbine fuel and commercial LPG. Jet fuel prices have more than doubled, surpassing Rs 2 lakh per kilolitre for the first time ever. Simultaneously, the price of a 19-kg commercial LPG cylinder has been increased by Rs 195.50. These revisions are driven by a nearly 50% surge in global crude oil prices linked to supply disruptions from the West Asia conflict.

Key Points: ATF & Commercial LPG Prices Hit Record Highs in April

  • ATF price crosses Rs 2 lakh/kl mark
  • 19-kg commercial LPG up by Rs 195.50
  • Second consecutive monthly hike in jet fuel
  • Domestic LPG prices unchanged
  • Global crude surge drives increases
2 min read

19-kg commercial LPG hiked by Rs 195.50; ATF prices double to reach record high

Aviation fuel prices more than double, crossing Rs 2 lakh/kl for the first time. Commercial LPG cylinders hiked by Rs 195.50, adding to sectoral cost pressures.

19-kg commercial LPG hiked by Rs 195.50; ATF prices double to reach record high
"Jet fuel prices more than doubled to a record high - Fuel Retailers"

New Delhi, April 1

State-owned oil marketing companies on Wednesday made substantial revisions to prices of both aviation turbine fuel and commercial LPG, with rates surging sharply -- including a more-than-doubling in jet fuel prices -- tracking a spike in global oil prices amid the escalating West Asia conflict.

Jet fuel prices more than doubled to a record high, while commercial LPG rates also rose significantly, adding to cost pressures across sectors.

The price of ATF in Delhi was hiked by Rs 1,10,703.08 per kilolitre or 114.5 per cent to Rs 2,07,341.22 per kl, according to fuel retailers.

This marks the first time that ATF prices have crossed the Rs 2 lakh per kl mark.

The previous peak was recorded in 2022, when rates had surged to around Rs 1.1 lakh per kl following the spike in crude oil prices after the Russia-Ukraine conflict.

This is also the second consecutive monthly increase in jet fuel prices, following a 5.7 per cent (Rs 5,244.75 per kl) hike on March 1.

Alongside, OMCs raised the price of 19-kg commercial LPG cylinders by Rs 195.50. Following the revision, a cylinder now costs Rs 2,078.50 in Delhi.

However, there has been no revision in domestic LPG prices. A 14.2-kg cooking gas cylinder continues to retail at Rs 913 in the national capital.

Oil marketing companies revise ATF and LPG prices on the first day of every month based on international benchmarks and exchange rate movements.

The sharp increases come amid a steep rally in global crude oil prices, which have jumped nearly 50 per cent due to supply disruptions linked to the ongoing West Asia conflict.

Globally, crude oil prices remained firm on Wednesday. Brent crude futures rose 1.81 per cent to $105.86 per barrel, while US West Texas Intermediate (WTI) futures were up 1.90 per cent at $103.31.

- IANS

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Reader Comments

R
Rohit P
ATF price doubling is insane! Brace for another round of expensive flight tickets. Just when travel was picking up post-pandemic. The government needs to look at reducing taxes on fuel to cushion the blow for common people.
A
Aman W
At least domestic LPG prices are untouched for now. Thankful for that small mercy. My mother would have been very worried. But how long can they hold it? Global prices are shooting up.
S
Sarah B
Working in the logistics sector. This ATF hike means freight costs will skyrocket. Everything from perishables to e-commerce deliveries will get more expensive. The inflation spiral is real.
V
Vikram M
While I understand global factors are at play, our oil companies' pricing mechanism lacks transparency. The hikes are always sharp and sudden. A more gradual, predictable system would help businesses plan better.
K
Karthik V
This is the direct impact of conflicts far away from us. West Asia tension hits our kitchen and travel budgets. Time to seriously push for alternatives like solar and electric vehicles. Jai Hind!

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