Commercial LPG and Jet Fuel Prices Hiked by State-Owned Oil Firms

Aviation turbine fuel (ATF) prices rose by Rs 1.37 per litre from Sunday, and commercial LPG rates increased by Rs 10 per 19-kg cylinder in step with firming international benchmarks, according to state-owned oil firms. That announcement, taking effect on November 1, 2026, hits the hospitality, restaurant, and aviation sectors right as the peak festive season begins. State-owned oil marketing companies have pushed through another round of fuel price revisions, compounding operational pressures for businesses and travelers alike. Global crude oil prices surged roughly 14 percent across October 2026, settling at six-month high benchmarks as escalating military strikes by the US and Israel against Iran severely disrupted regional shipping lanes and deepened supply anxieties. Brent crude surged 13.6 percent over the month to close at $117.64 per barrel, while U.S. West Texas Intermediate (WTI) advanced 15.2 percent to reach $104.12 per barrel. The cascading impact hit energy-importing regions immediately, with India’s crude oil basket soaring past the $120 per barrel mark—a 14-year high propelled by skyrocketing freight tariffs and marine insurance premiums.

Why are commercial fuel prices rising again now?

The latest changes are based on movements in international benchmark prices and the rupee-dollar exchange rate. ATF and LPG prices are revised on the first day of every month and can vary across states because of local taxes such as VAT. The October surge in global crude was driven by escalating military strikes by the US and Israel against Iran, alongside escalating fears of renewed US strikes on Iran after the US midterm elections in November. Disruptions along key international shipping routes and heightened security risks have pushed up freight costs and shipping risk premiums, keeping domestic commercial fuel rates under pressure. Industry experts note that this upward revision is driven by elevated international benchmark prices, including higher Saudi Aramco contract rates, alongside ongoing foreign exchange volatility.

That leaves commercial operators facing persistent cost volatility after a turbulent year of dramatic price swings.

How much more will businesses and travelers pay?

Following the latest revision, the retail price of a 19-kg commercial LPG cylinder has been hiked by Rs 10, pushing its cost up to Rs 2,820 in the national capital compared to Rs 2,810 in October. Concurrently, aviation turbine fuel rates were increased by Rs 1.37 per litre, bringing jet fuel prices to Rs 138.50 per litre in Delhi, up from Rs 137.12 per litre previously. In addition to the 19-kg cylinders, revised rate lists show that a 5-kg Free Trade LPG (FTL) cylinder for a new connection stands at Rs 1,903, with a refill costing Rs 782.

Jet fuel accounts for up to 40 percent of the operating cost of airlines, and the price hike will further push up carrier expenditure as passenger traffic surges during the holiday months.

What is the recent trend in LPG and jet fuel rates?

The November adjustment marks the fourth straight monthly increase in jet fuel prices. Prices were last raised by a steep Rs 16 a litre on October 1. Prior to that, ATF prices were hiked by Rs 6.28 per litre on September 1 and by Rs 5 a litre on August 1. Meanwhile, commercial LPG rates experienced their second straight monthly increase. Rates were last hiked by Rs 62.50 per 19-kg cylinder on October 1. Prior to that, rates had gone up by Rs 9.50 on September 1. These two-month increases followed two consecutive monthly reductions of Rs 192 in August and Rs 183.50 in July. The cuts came after commercial LPG prices surged to a record high in June amid disruptions to global energy supplies and elevated international prices. Commercial LPG prices surged Rs 1,373 per 19-kg cylinder between February and June, climbing from Rs 1,740.50 to Rs 3,113.50, before falling in July and August.

Which fuel categories were left untouched?

While commercial sectors absorb higher overheads, household consumers and motorists received a reprieve in the latest pricing cycle. Prices of domestic LPG, used by households, were left unchanged at Rs 942 per 14.2-kg cylinder. Domestic cooking gas rates were increased by Rs 89 per cylinder between March and June after the West Asia crisis led to supply disruptions and a surge in international energy prices. Petrol and diesel prices, which were hiked by about Rs 7.50 a litre each in May, also remained unchanged.

What can affected consumers and business operators check right now?

Business operators in the hospitality, restaurant, and aviation sectors facing tighter margins can take specific steps to review their energy expenditures:

• Check local state-specific rate lists, as commercial LPG and ATF prices vary across states due to local taxes such as VAT.
• Verify updated cylinder invoices against the new baseline rates of Rs 2,820 for 19-kg commercial cylinders and Rs 782 for 5-kg FTL refills.
• Airlines and logistics planners should factor in the new ATF baseline of Rs 138.50 per litre when calculating operational overheads for holiday travel.
• Household consumers can confirm that their 14.2-kg domestic cooking gas remains at the stable rate of Rs 942 per cylinder.