In the fourth straight monthly increase since July, the price of Aviation Turbine Fuel (ATF) or jet fuel, was hiked by 5% on October 1. The price of commercial cooking gas was also raised by a sharp ₹209 per 19-kg cylinder.
The price of a 14.2-kg domestic LPG cylinder though remained unchanged.
The revision in rates of ATF is expected to lead to a rise in air fares ahead of the festive season. Airlines attribute approximately 40% of the ticket price to ATF costs. ATF prices are notified on the first of every month by state-owned fuel retailers. They are revised based on the average international price in the previous month.
