State-owned oil marketing companies have announced significant price revisions for commercial liquefied petroleum gas (LPG) and aviation turbine fuel (ATF), effective November 1, 2026. This move is set to increase operational costs for the hospitality, restaurant, and aviation sectors as the festive season begins.
Commercial LPG Hike Impacts Businesses
The retail price of a 19-kg commercial LPG cylinder has been hiked by ₹10, raising its cost to ₹2,820 in the national capital, up from ₹2,810 in October. This upward adjustment is primarily attributed to elevated international benchmark prices, including higher Saudi Aramco contract rates, alongside persistent foreign exchange volatility.
Beyond the standard 19-kg cylinders, a 5-kg Free Trade LPG (FTL) cylinder for a new connection now costs ₹1,903, with refills priced at ₹782. These increases directly affect businesses relying on commercial gas for operations.
Jet Fuel Sees Fourth Consecutive Rise
Concurrently, aviation turbine fuel (ATF) rates have climbed by ₹1.37 per litre, pushing jet fuel prices to ₹138.50 per litre in Delhi, an increase from ₹137.12 per litre previously. This marks the fourth consecutive monthly increase for ATF, further compounding operational overheads for domestic airlines amidst a surge in passenger traffic during the holiday months.
Global crude oil prices surged roughly 14% 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% over the month to close at $117.64 per barrel, while U.S. West Texas Intermediate (WTI) advanced 15.2% to reach $104.12 per barrel.
The cascading impact of geopolitical tensions and supply concerns has led to 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. Notably, prices for domestic cooking gas cylinders used in residential kitchens, along with retail rates for petrol and diesel, remain unchanged in this latest revision.