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Hindustan Petroleum

Hindustan Petroleum News

Cooking gas LPG down Rs 4 per bottle, jet fuel price up 8.7 per cent

Press Trust of India | Apr 1, 2016, 5:33 PM IST

The March 1 hike broke the cycle of three consecutive monthly price reductions. Rates vary at different airports because of differential local sales tax or value-added tax (VAT). Jet fuel constitutes over 40 per cent of an airline's operating cost and the price increase will add to the financial burden on cash-strapped carriers.

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