<p>Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running.</p>.<p>Aviation turbine fuel (ATF) price was increased by Rs 4,218 per kilolitre, or 3.9 per cent, to Rs 1,12,356.77 per kl in the national capital, according to a price notification of state-owned fuel retailers.</p>.<p>The increase follows three rounds of reduction since November. The price on January 1 was reduced to Rs 1,08,138.77 per kl from Rs 1,17,587.64. Prior to that, the price was slashed by 2.3 per cent on December 1 and 4.19 per cent on November 1.</p>.<p>The rate hike will increase the burden on airlines for whom fuel makes for almost 40 per cent of the operating cost.</p>.<p>ATF price is revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates.</p>.<p>Petrol and diesel prices, however, continued to remain on freeze for a record tenth month in a row. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.</p>.<p>State-owned fuel retailers are supposed to revise petrol and diesel prices daily based on a 15-day rolling average of benchmark international fuel prices but they haven't done that since April 6, 2022.</p>.<p>Prices were last changed on May 22 when the government cut excise duty to give relief to consumers from a spike in retail rates that followed a surge in international oil prices.</p>.<p>Also, the price of commercial LPG, whose rate too is revised on the 1st of every month, remained unchanged on Wednesday.</p>.<p>A 19-kg commercial LPG cylinder, which is used by hotels, restaurants and other business establishments, continues to cost Rs 1,769 in the national capital.</p>.<p>Rate of LPG used in household kitchens remained unchanged at Rs 1,053 per 14.2-kg cylinder.</p>.<p>Rates differ from state to state depending on the incidence of local taxes.</p>
<p>Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running.</p>.<p>Aviation turbine fuel (ATF) price was increased by Rs 4,218 per kilolitre, or 3.9 per cent, to Rs 1,12,356.77 per kl in the national capital, according to a price notification of state-owned fuel retailers.</p>.<p>The increase follows three rounds of reduction since November. The price on January 1 was reduced to Rs 1,08,138.77 per kl from Rs 1,17,587.64. Prior to that, the price was slashed by 2.3 per cent on December 1 and 4.19 per cent on November 1.</p>.<p>The rate hike will increase the burden on airlines for whom fuel makes for almost 40 per cent of the operating cost.</p>.<p>ATF price is revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates.</p>.<p>Petrol and diesel prices, however, continued to remain on freeze for a record tenth month in a row. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.</p>.<p>State-owned fuel retailers are supposed to revise petrol and diesel prices daily based on a 15-day rolling average of benchmark international fuel prices but they haven't done that since April 6, 2022.</p>.<p>Prices were last changed on May 22 when the government cut excise duty to give relief to consumers from a spike in retail rates that followed a surge in international oil prices.</p>.<p>Also, the price of commercial LPG, whose rate too is revised on the 1st of every month, remained unchanged on Wednesday.</p>.<p>A 19-kg commercial LPG cylinder, which is used by hotels, restaurants and other business establishments, continues to cost Rs 1,769 in the national capital.</p>.<p>Rate of LPG used in household kitchens remained unchanged at Rs 1,053 per 14.2-kg cylinder.</p>.<p>Rates differ from state to state depending on the incidence of local taxes.</p>