Indian Oil Corp Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS
May 1 (Reuters) – India’s largest state-run refiner Indian Oil Corporation has raised the prices of liquefied petroleum gas used by industries and jet fuel for foreign airlines from Friday, the company said in a statement.
The price of a 19-kilogram commercial LPG cylinder for industrial clients was hiked by 993 rupees, or 47.8%, to 3,071.5 rupees, the refiner said.
Aviation turbine fuel prices for international airlines were raised by $76.55 per kilolitre to $1,511.86 per kilolitre from $1,435.31, the refiner added.
Prices of household LPG, primarily used as cooking fuel, were left unchanged. Jet fuel prices for domestic airlines were also not revised, the company said.
The price hikes come amid a sharp surge in global oil prices, which have climbed above $100 a barrel following the closure of the Strait of Hormuz amid the ongoing Iran war.
Reporting by Kashish Tandon in Bengaluru; Editing by Sumana Nandy
