PTC Web Desk: State-owned oil companies on Tuesday increased the prices of aviation turbine fuel (ATF) and commercial LPG, following a rise in international benchmark prices.

The price of jet fuel has gone up by Rs 6.28 per litre, marking an increase of 5.46 per cent. ATF will now cost Rs 121.28 per litre for domestic airlines. This is the second consecutive monthly increase in jet fuel prices. ATF rates were also raised by around Rs 5 per litre on August 1.

The latest hike is likely to put additional pressure on airline companies, as aviation fuel accounts for nearly 40 per cent of their total operating expenses.

Commercial LPG also becomes costlier

The price of commercial LPG used by hotels, restaurants and other businesses has also been increased by Rs 9.50 per 19-kg cylinder. The revised price of a 19-kg commercial LPG cylinder is now Rs 2,747.50, compared to Rs 2,738 earlier.

Similarly, the price of the 5-kg market-priced LPG cylinder, also known as 5-kg FTL, has been increased from Rs 762 to Rs 764.

The latest increase comes after two consecutive monthly reductions in commercial LPG prices. Oil companies had reduced the price by Rs 192 per cylinder on August 1 and by Rs 183.50 on July 1.

Earlier, the West Asia crisis had pushed commercial LPG prices sharply higher. Between February and June, the price of a 19-kg cylinder had increased by Rs 1,373, rising from Rs 1,740.50 to Rs 3,113.50.

Domestic LPG prices remain unchanged

There has been no change in the price of domestic cooking gas used in households. A 14.2-kg domestic LPG cylinder will continue to cost Rs 942.

Domestic LPG prices were last increased by Rs 29 per cylinder on June 7. Before that, rates had gone up by Rs 60 in March amid supply concerns and rising international energy prices.

Meanwhile, petrol and diesel prices have also remained unchanged. The two fuels were last increased by around Rs 7.50 per litre in May.

Fuel prices are generally revised on the first day of every month based on changes in international benchmark rates and foreign exchange movements. However, the final prices may differ from one state to another because of local taxes, including VAT.