Monday, Dec 05, 2022
×
Outlook.com
×

Oil Retailers Cut Aviation Fuel Price By 4.5%, Commercial LPG Rate By Rs 25.5/Cylinder

Oil Retailers Cut Aviation Fuel Price By 4.5%, Commercial LPG Rate By Rs 25.5/Cylinder

The price of a 19-kg commercial LPG cylinder was cut to Rs 1,859.50 in the national capital from Rs 1,885, according to a price notification from state-owned fuel retailers

Price of 19-kg commercial LPG cylinder was cut to Rs 1,859.50

The state-run oil retailers on Saturday slashed prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG). Jet fuel price was slashed by 4.5 per cent and that of commercial LPG used in hotels and restaurants was cut by Rs 25.5 per 19-kg cylinder. Jet fuel price was cut by Rs 5,521.17, or 4.5 per cent, to Rs 115,520.27 pr kl in the national capital, according to information on Indian Oil website.

The price of a 19-kg commercial LPG cylinder was cut to Rs 1,859.50 in the national capital from Rs 1,885, according to a price notification from state-owned fuel retailers.

This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices.

However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder.

This because the rates of domestic cooking gas were way lower than cost and now with a drop in international prices, they are at breakeven, industry sources told PTI.

Commercial LPG rates, on the other hand, have largely been aligned with cost and so they have moved in tandem with rise and fall in international prices.

Rates differ from state to state depending on incidence of local taxes.

While commercial LPG rates are revised once a month, ATF prices are changed every fortnight. There was no change in jet fuel prices on September 16. Prior to that, they were cut marginally by 0.7 per cent on September 1.

Petrol and diesel prices, however, continued to remain on freeze for a record near six months. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.
 

Advertisement
Advertisement
Advertisement