Commercial LPG rate slashed by ₹19, ATF price hiked marginally; check revised rates

Jet fuel or ATF price on Wednesday was hiked by a marginal 0.7% while rates of commercial LPG used by establishments such as hotels and restaurants was cut by ₹19 per cylinder in line with international prices.

Aviation turbine fuel (ATF) price was hiked by ₹749.25 per kilolitre, or 0.7%, to ₹101,642.88 per kl in the national capital, according to a price notification of state-owned fuel retailers.

The increase reverses the marginal 0.5% cut effected on April 1.

Rates in Mumbai on Wednesday were increased to ₹95,173.70 per kl from ₹94,466.41.

Prices differ from state to state depending on the incidence of local taxes.

Alongside, oil firms also cut the price of commercial LPG by ₹19 to ₹1,745.50 for a 19-kg cylinder.

This is the second monthly reduction in rates. Prices were on April 1 reduced by ₹30.5 per 19-kg cylinder.

Rates of the cooking gas used in domestic households, however, remained unchanged at ₹803 per 14.2-kg cylinder.

April 1 was the first reduction in commercial LPG prices since January. Rates had gone up ₹14 per cylinder on February 1 and ₹25.5 on March 1.

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) revise prices of ATF and cooking gas on 1st of every month based on the average price of benchmark international fuel and foreign exchange rate.

Prices of petrol and diesel continue to remain on freeze. Rates had been cut by ₹2 per litre in mid-March. Petrol costs ₹94.72 a litre in Delhi while diesel is priced at ₹87.62.