New Delhi, Jun 16: Jet fuel or ATF price on Tuesday was hiked by 16.3 per cent while petrol price was increased by 47 paise per litre and that of diesel by a record 93 paise on the back of firming international oil rates.
Aviation turbine fuel (ATF) price was hiked by ₹5,494.5 per kilolitre (kl), or 16.3 per cent, to ₹39,069.87 per kl in the national capital, according to a price notification by state-owned oil marketing companies.
This is the second straight increase in ATF price this month. Rates were hiked by a record 56.5 per cent (₹12,126.75 per kl) on June 1.
Simultaneously, petrol and diesel prices were hiked for the 10th day in a row.
Petrol price in Delhi was hiked to ₹76.73 per litre from ₹76.26, while diesel rates were increased to ₹75.19 a litre from ₹74.26, the price notification said.
In 10 hikes, petrol price has gone up by ₹5.47 per litre and diesel by Rs 5.8 a litre.
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.
The hike in diesel rates is the highest daily increase since the state-owned fuel retailers started daily revision in rates in May 2017.
Hike for 10th consecutive day
Tuesday’s increase in petrol and diesel price marks the 10th straight day of rise in rates since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus.
The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.
Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) instead of passing on the excise duty hikes to customers adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices.
The June 1 hike in jet fuel price had come after seven consecutive reductions in rates since February. ATF price in Delhi before the reduction cycle began in February was ₹64,323.76 per kilolitre, which got reduced to ₹21,448.62 last month.
Industry officials said the hike was necessitated because benchmark international rates have bounced back from a two-decade low.
While ATF prices are revised on 1st and 16th of every month, petrol and diesel prices are revised on a daily basis.
Oil companies used to revise ATF prices on the first of every month, but adopted fortnightly revisions on March 21 to pass on the benefit of falling international oil prices to airlines.
Comments
Paise aur taktha ke liye kuch bhi karega a sanghi rss sevak. Now thier lab test is with MP state and just fooling the people. Major post all are filled wiht their so called brahmins. No chance to any other hindu castes.
People awake and think about our future. To ask and pray with the creator GOD there is no middle man or any supporter. Every one can pray directly with the creator god.
These baba etc all are fake and nothing logic or they are the agent of creator.
Feku said the "truth"
- you should mention that -
during his rule only more dalits got killed by saffron people.
- more attack on dalits during your rule.
more ambedkar's statue beheaded during your rule in yogi's UP.
and still counting the 'honourings'
So.. I think this is too much of honour for Ambedkar from you dear feku
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