Marginal Cut In ATF Price, Commercial LPG Rate Reduced By Rs 30.5
ATF price was cut by Rs 502.91 per kilolitre or 0.49%, to Rs 100,893.63 per kl in the national capital, according to a price notification of state-owned fuel retailers.
Jet fuel or Aviation turbine fuel price on Monday was cut by a marginal 0.5% while rates of commercial LPG used by establishments such as hotels and restaurants were slashed by Rs 31 per cylinder in line with international prices.
ATF price was cut by Rs 502.91 per kilolitre or 0.49%, to Rs 100,893.63 per kl in the national capital, according to a price notification of state-owned fuel retailers.
Rates in Mumbai have been cut to Rs 94,466.41 per kl from Rs 94,809.22.
Prices differ from state to state depending on the incidence of local taxes.
Alongside, oil firms also cut the price of commercial LPG by Rs 30.5 to Rs 1,764.50 per 19-kg cylinder.
Rates of the cooking gas used in domestic households however remained unchanged at Rs 803 per 14.2-kg cylinder.
This is the first reduction in commercial LPG prices since January. Rates had gone up Rs 14 per cylinder on Feb. 1 and Rs 25.5 on March 1.
Also, the price of the 5 kg FTL (Free Trade LPG or market priced cooking gas) cylinder has been lowered by Rs 7.50.
State-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd., and Hindustan Petroleum Corporation Ltd., revise prices of ATF and cooking gas on first of every month based on the average price of benchmark international fuel and foreign exchange rate.
