New Delhi, Jun 2: Consumers will feel the pinch further with oil companies on Wednesday steeply hiking the price of non-subsidised LPG and aviation turbine fuel.
In addition to these, the introduction of a 0.5% Krishi Kalyan Cess on Wednesday would make eating out, phone bills, internet, movies, healthcare and banking transactions costlier.
Non-subsidised LPG cylinders will cost 12% more than the previous month’s price, affecting the household budget, which will also be impacted by the fuel price hike. Air travellers will also have to shell out more for tickets due to a 9.2% hike in jet fuel prices.
Non-subsidised LPG cylinders, which consumers buy after exhausting their quota of 12, would cost Rs 548.50 in Delhi as against Rs 527.50 on May 1 while it was Rs 509.50 on April 1.
Since April, the price of non-subsidised LPG cylinders has been on the rise. However, the price is lower compared to the January 1 price of Rs 657.50 a cylinder.
Oil companies — Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum — also increased the price of air turbine fuel by a steep 9.2% to Rs 46,729.48 per kilolitre. Though the ATF price has been on the rise since March, Wednesday’s hike has been the steepest.
This January, ATF cost Rs 39,892.32 per kilolitre in Delhi while it sunk to Rs 35,126.82 the next month, the lowest this year so far. March initially saw ATF prices at Rs 39,301.31 only to be revised to Rs 38,785.46 later. April saw a further hike to Rs 42,157.01 as against Rs 42,784.01 last month.
Sharing the apprehension in some sections about the air fare hike, president of travel portal Yatra.com Sharat Dhall, said, "Lower air fuel prices have acted as a stimulus for air traffic growth over the past few months, encouraging people to take flights for their summer holiday travel. This (rise) could result in an increase in airfares as fuel constitutes approximately 40% of an airline’s operating costs.”He said any increase in airfares will act as a damper for travellers planning trips. Airlines did not comment on the matter. On Tuesday, oil companies hiked petrol prices by a steep Rs 2.58 a litre and diesel by Rs 2.26 a litre, the third increase in five weeks.
Comments
all the govt are same., 60 years congress rule helps people loot the country and party looting as well, some groups are against the development of the country,
Choothya Modi ki acche din....
Add new comment