Jet fuel prices raised by Rs 1.3 per litre, commercial LPG by Rs 10

This marks the fourth consecutive monthly hike in jet fuel prices and the third in commercial LPG rates.

Jet fuel prices raised by Rs 1.3 per litre, commercial LPG by Rs 10

Jet fuel prices for domestic airlines rose by Rs 1.3 per litre on Sunday, marking the fourth consecutive monthly increase, PTI reported.

The price of aviation turbine fuel has been raised to Rs 138.5 per litre from Rs 137.1 per litre, the news agency reported.

The prices were last increased by Rs 16 per litre on October 1.

In September, the prices were increased by Rs 6.2 per litre, following a Rs 5 per litre hike in August.

The latest increase will add to the financial burden on airlines, as aviation turbine fuel accounts for about 40% of their operating expenses.

The war in West Asia has pushed up global oil prices and led to airspace restrictions that have increased operating costs.

On April 26, Air India, IndiGo and SpiceJet told the Union government that the country’s aviation sector was on the verge of “stopping operations” and had sought its intervention “for immediate and meaningful financial support to tide over the current situation”.

On May 13, Air India said that it would temporarily suspend its services on certain international routes from June to August due to airspace restrictions over some regions and record-high prices of jet fuel.

Commercial LPG prices hiked

The prices of commercial liquefied petroleum gas were also increased by an approximate Rs 10 per 19-kg cylinder across the country, The Hindu reported.

The increase applies to commercial cylinders used by businesses...

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