Commercial LPG rate reduced by ₹135, ATF price cut by 1.3%

Commercial LPG rates were reduced to ₹2,219 per 19-kg cylinder, from ₹2,354, the notification showed

Jet fuel prices on June 1 were cut by 1.3 per cent — the first reduction after 10 rounds of price hikes — on softening international crude oil rates.

Simultaneously, prices of commercial LPG — used by business establishments such as hotels and restaurants — were reduced by ₹135 per 19-kg cylinder.

The price of aviation turbine fuel (ATF) — the fuel that helps aeroplanes fly — has been reduced by ₹1,563.97 per kilolitre, or 1.27 per cent, to ₹1,21,475.74 per kl (₹121 per litre) in the national capital, according to a price notification of state-owned fuel retailers.

This is the first reduction after 10 rounds of price increases this year. Rates were hiked by ₹6,188.25 per kl, or 5.29 per cent, on May 16, to a record high level of ₹1,23,039.71 per kl.

Commercial LPG rates were reduced to ₹2,219 per 19-kg cylinder, from ₹2,354, the notification showed.

Prior to the cut, rates of commercial LPG had risen by ₹355.5 per cylinder this year.

However, prices of cooking gas LPG used in households remained unchanged at ₹1,003 per 14.2-kg cylinder. Rates had been hiked by ₹3.50 a cylinder on May 19. Prior to that prices were hiked by ₹50 per cylinder on March 22 and again by the same quantum on May 7.