The price of jet fuel (ATF) was sharply increased by 7.5 per cent on Tuesday, while the cost of LPG used in commercial establishments was reduced by Rupees 58.50 per cylinder, reflecting shifts in international benchmark rates.

After three rounds of price cuts, aviation turbine fuel (ATF) price was increased by Rupees 6,271.5 per kilolitre, or 7.5 per cent, to Rupees 89,344.05 per kilolitre in the national capital – home to one of the busiest airports in the country, according to state-owned fuel retailers. The increase amounts to half of the total reduction implemented over three monthly instalments since April.

ATF price was last reduced by Rupees 2,414.25 per kilolitre (2.82 per cent) to Rupees 83,072.55 per kilolitre on June 1. Prior to that, rates were cut by 4.4 per cent (Rupees 3,954.38 per kilolitre) on May 1 and a steep reduction of 6.15 per cent (Rupees 5,870.54 per kilolitre) on April 1.