Business · Energy & Commodities · 18 hrs ago

India raises jet fuel and commercial LPG prices

India raises jet fuel and commercial LPG prices

Oil-marketing companies raised jet fuel and commercial LPG prices across India on November 1.

Aviation turbine fuel for domestic airlines rose by Rs 1.37 to Rs 138.5 per litre, its fourth monthly increase in a row.

A 19-kg commercial LPG cylinder rose by about Rs 10, with prices varying by city; Delhi’s price is now Rs 2,820.

Domestic cooking gas prices stayed unchanged, while 5-kg LPG refills also became more expensive.

Jet fuel is a major airline cost, accounting for about 40% of operating expenses, so repeated increases add financial pressure on carriers.

The LPG increase comes as oil-marketing companies expect losses on the cylinders to grow in November and December.

The price changes took effect on Sunday, and no further changes are specified.

3 sources

Related