New Delhi: Jet fuel price was on Monday hiked by over one per cent, the second straight monthly increase in rate coming on the back of firming global prices. The price of Aviation Turbine Fuel (ATF) was hiked by Rs 677.1 per kilolitre, or 1.07 per cent, to Rs 63,472.22 per kl in the national capital, according to price notification issued by state-owned oil firms.
The increase comes on the back of a steep 8.1 per cent (Rs 4,734.15 per kl) hike in rates effected on March 1.
Simultaneously, the price of non-subsidised cooking gas (LPG) was increased by Rs 5 per 14.2-kg cylinder. It now costs Rs 706.50 in the national capital.
This is the second straight increase in LPG rate. Price was hiked by Rs 42.5 per cylinder on March 1.
The hike will add to the burden of cash strapped airlines that are already reeling under pressure from cut-throat competition in the sector.
