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Commercial LPG rates increase by ₹10, ATF prices up by ₹1.37 per litre

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Commercial LPG rates increase by ₹10, ATF prices up by ₹1.37 per litre
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Market & Financial Impact: This is the fourth straight monthly increase in jet fuel (ATF) prices, necessitated by firming rates of international benchmarks
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Rates of commercial LPG - cooking gas used in hotels and restaurants - were hiked by ₹10 per 19-kg cylinder to ₹2,820, according to the oil companies

Aviation turbine fuel (ATF) prices rose by ₹1.37 per litre from Sunday, and commercial LPG rates increased by ₹10 per 19-kg cylinder in step with firming international benchmarks, according to state-owned oil firms.

ATF prices were increased to ₹138.50 per litre from ₹137.12 per litre.

This is the fourth straight monthly increase in jet fuel (ATF) prices, necessitated by firming rates of international benchmarks.

Prices were last raised by a steep ₹16 a litre on October 1. Prior to that, ATF prices were hiked by ₹6.28 per litre on September 1 and by ₹5 a litre on August 1. Jet fuel accounts for up to 40 per cent of the operating cost of airlines, and the price hike will further push up carrier expenditure.

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Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Business Standard ↗
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