Fuel Prices Surge: Jet Fuel Crosses ₹2 Lakh Mark, Commercial LPG Also Hiked

New Delhi, April 2026 : State-owned oil marketing companies significantly raised the prices of aviation turbine fuel (ATF) and commercial LPG on Wednesday, reflecting a sharp surge in global crude oil prices amid escalating tensions in West Asia. The revisions mark one of the steepest increases in recent years, intensifying cost pressures across multiple sectors, particularly aviation and hospitality.

The price of jet fuel witnessed an unprecedented jump, more than doubling to reach a record high. In Delhi, ATF prices were increased by Rs 1,10,703.08 per kilolitre, marking a 114.5 per cent hike and taking the rate to Rs 2,07,341.22 per kl. This is the first time that ATF prices have crossed the Rs 2 lakh per kilolitre threshold. The previous peak was recorded in 2022, when prices had climbed to around Rs 1.1 lakh per kl following the global oil spike triggered by the Russia-Ukraine conflict.

This latest hike also marks the second consecutive monthly increase in jet fuel prices, following a 5.7 per cent rise recorded on March 1. The sharp escalation is expected to significantly impact airline operating costs, potentially leading to higher airfares in the near future.

Alongside ATF, the price of 19-kg commercial LPG cylinders was also increased by Rs 195.50. With this revision, the cost of a commercial LPG cylinder in Delhi now stands at Rs 2,078.50. The increase is likely to affect restaurants, hotels and small businesses that rely heavily on commercial gas for daily operations.

However, there was no change in domestic LPG prices. The 14.2-kg household cooking gas cylinder continues to be priced at Rs 913 in the national capital, providing some relief to household consumers amid rising fuel costs.

Oil marketing companies revise fuel prices on the first day of every month, based on international benchmarks and fluctuations in exchange rates. The current surge is largely driven by a sharp rally in global crude oil prices, which have risen nearly 50 per cent due to supply disruptions linked to the ongoing West Asia conflict.

On the global front, crude oil prices remained firm on Wednesday. Brent crude futures rose by 1.81 per cent to $105.86 per barrel, while US West Texas Intermediate (WTI) crude increased by 1.90 per cent to $103.31 per barrel, underscoring continued volatility in energy markets.

(The content of this article is sourced from a news agency and has not been edited by the Mavericknews30 team.)