New Delhi, Apr 1 — Aviation turbine fuel (ATF) prices more than doubled on Wednesday to a record level, while commercial LPG rates were also increased, reflecting a sharp rise in global oil prices amid the closure of the strait of Hormuz.
ATF prices in Delhi were hiked by Rs 110,703.08 per kilolitre, or 114.5 per cent, to Rs 2,07,341.22 per kl, according to state-run fuel retailers. This is the first time jet fuel prices have crossed the Rs 2 lakh per kl mark.
Officials said the increase follows a surge in international crude prices, which have risen nearly 50 per cent amid supply disruptions after Iran shut the Strait of Hormuz.
The latest revision marks the second consecutive monthly increase. ATF prices were raised by 5.7 per cent on March 1.
The spike is expected to add pressure on airlines, where fuel accounts for about 40 per cent of operating costs. Carriers are already facing higher fuel burn due to longer routes to western destinations following airspace restrictions caused by the conflict.
Alongside, commercial LPG prices were increased by Rs 195.50 per 19-kg cylinder. In Delhi, a cylinder now costs Rs 2,078.50. This follows a previous hike of Rs 114.50 on March 1.
“There is no change in domestic LPG prices,” officials said. Household cooking gas continues to be priced at Rs 913 per 14.2-kg cylinder, unchanged since a Rs 60 hike on March 7.
State-owned fuel retailers revise ATF and LPG prices on the first of every month based on global benchmarks and currency fluctuations.
Meanwhile, petrol and diesel prices remain unchanged following a Rs 2 per litre cut last March. Petrol is currently priced at Rs 94.72 per litre in Delhi, while diesel costs Rs 87.62.