4% cut in ATF price
Commercial LPG rate reduced marginally by Rs1.50/ cylinder; The 3 rounds of reduction in ATF price wiped away almost 45% of Rs29,391.08 per kl increase in rates effected in 4 monthly tranches starting July 1
image for illustrative purpose
New Delhi: Jet fuel or ATF price on Monday was cut by four per cent, the third straight monthly reduction, and commercial cooking gas (LPG) rates were marginally lowered by Rs1.50 per 19-kg cylinder in line with international benchmarks.
However, the price of domestic LPG - used in household kitchens for cooking purposes - remained unchanged at Rs903 per 14.2-kg cylinder. Aviation turbine fuel (ATF) price was cut by Rs4,162.5, or 3.9 per cent, in the national capital to Rs 101,993.17 per kl, according to price notifications of State-owned fuel retailers.
This is the third straight monthly reduction in jet fuel prices. ATF price was cut by almost 6 per cent (Rs6,854.25 per kl) in November and by Rs5,189.25, or 4.6 per cent, in December. The three rounds of reduction have wiped away almost 45 per cent of the Rs 29,391.08 per kl increase in rates effected in four monthly tranches starting July 1.
