The price of subsidised cooking gas (lPG) was today hiked by over Rs 2 per cylinder, the sixth increase in rates in five months, while that of jet fuel was raised by a steep 7.3 per cent in step with global trends. A subsidised 14.2-kg cylinder will now cost Rs 430.64 in Delhi as against Rs 428.59 previously, according to state-owned oil firms.
Also, the aviation turbine fuel (ATF) price was hiked Rs 3,434.25 per kilolitre (kl), or 7.33 per cent, to Rs 50,260.63 per kl in Delhi. This is the second straight increase in rates, coming on the back of 3.11 per cent rise in October 1. In case of subsidised lPG, this is the sixth increase in price since July when the government decided to go in for a small hikes of up to Rs 2 per bottle every month to cut down its subsidy outgo.