Commercial LPG prices hiked by Rs 195.50

New Delhi: Prices of commercial liquefied petroleum gas (LPG) were hiked by Rs 195.50 on Wednesday, on back of surge in global oil prices linked to the widening West Asia conflict.

A 19-kg commercial LPG now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. Rates were last increased by Rs 114.5 per 19-kg cylinder on March 1.

Domestic cooking gas LPG rates, which were last hiked by Rs 60 per 14.2-kg cylinder on March 7, remain unchanged. It costs Rs 913 per 14.2-kg cylinder in Delhi. Aviation turbine fuel (ATF) prices for domestic airlines were raised by a calibrated 8.5% on Wednesday, instead of more than doubling as warranted by a war-driven surge in global oil prices, even as the rates for premium petrol were also increased amid firm energy trends.

Jet fuel for domestic carriers was hiked by Rs 8,289.04 per kilolitre, or 8.56%, to Rs 1,04,927.18 per kl from Rs 96,638.14 per kl last month, according to state-owned oil firms. Domestic airlines will pay half of what foreign airlines, as well as other carriers such as non-scheduled, ad hoc, and charter, would pay.

For them, the prices have gone up by Rs 1,10,703.08 per kl, or 114.5%, to Rs 2,07,341.22 per kl.

Price of select premium or branded petrol and diesel, which make up for 2-5% of all auto fuels sold in the country, too, was increased by Rs 1.50 a litre to Rs 92.99 for ‘Extra Green’ diesel and by Rs 11 to Rs 160 a litre for 100 octane petrol (XP100).

Prices of normal or unbranded petrol and diesel, remain unchanged, and so do the rates of domestic cooking gas LPG.

The Petroleum Ministry stated that while the international oil prices have jumped to over $100 per barrel in one month, “only a partial and staggered increase of 25% (only Rs 15 per litre or Rs 15,000 per kl)” was being passed on to airlines. The Civil Aviation Ministry also endorsed the number.

State-owned Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum revise ATF and LPG prices on the first day of every month based on international benchmarks and the exchange rate.