Jet fuel or Aviation Turbine Fuel price was on Sunday hiked by a steep 6 per cent on firming international rates, the third straight increase in rates since August.

ATF will now cost ₹53,045 per kilolitre (kl) in Delhi, ₹3,025 per kl more than ₹50,020 previously, according to a price hike notification by Indian Oil Corp.

This the third consecutive monthly hike in ATF price, the last being by 4 per cent (₹1,910 per kl) on September 1.

Also, non-subsidised cooking gas (LPG) price was hiked by ₹1.50 per cylinder, in line with the government decision to raise rates every month to eliminate subsidies by March.

A subsidised 14.2-kg LPG cylinder will from today cost ₹488.68 in Delhi as against ₹487.18 previously, IOC said. A 14.2-kg LPG cylinder was priced at ₹419.18 in June 2016.

The hike comes on back of over ₹7 per cylinder increase effected from September 1.

Eliminating subsidy

Oil Minister Dharmendra Pradhan had, on July 31, told the Lok Sabha that the government had asked State-run oil firms to raise subsidised cooking gas (LPG) prices by up to ₹4 per cylinder every month to eliminate all the subsidies by March next year. Rates were, however, raised by ₹2.31 per cylinder on August 1 and the oil companies effected a large hike on September 1 to equalise that, sources said.

Since the implementation of the policy of monthly increases from July last year, subsidised LPG rates have gone up by over ₹69.50 per cylinder.

Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year. Any requirement beyond that is to be purchased at market price.

Rates at the last revision on September 1 were hiked by Rs 73.5 to Rs 597.50 per bottle.

There are as many as 18.11 crore customers of subsidised LPG in the country.There are another 2.66 crore users of non-subsidised cooking gas.

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