Price of non-subsidised LPG was today cut by ₹5 per cylinder even as jet fuel (ATF) rates were marginally raised in step with global trend.

The price of non-subsidised or market-priced domestic cooking gas (LPG) was cut by ₹5 to ₹616 per 14.2-kg cylinder in Delhi, state-owned fuel retailers said.

The reduction comes on the back of two successive hikes – ₹5 on March 1 and ₹11 on April 1.

Households are entitled to 12 cylinders of 14.2-kg each at subsidised rate of ₹417 in Delhi. Any requirement beyond this has to be bought at the market price, which is now ₹616 in Delhi.

In Mumbai, non-subsidised cooking gas has been cut by ₹4.50 to ₹627.50, while it will cost ₹649 in Kolkata as against ₹654.50, previously. Chennai will see a price cut of ₹5.50 to ₹608.50 per cylinder.

Rates vary from state-to-state depending on the incidence of local sales tax or VAT.

ATF rate hikes

Oil companies raised price of aviation turbine fuel (ATF), or jet fuel, in Delhi by ₹272 per kilolitre or 0.5 per cent to ₹49,609.84 per kl.

The increase comes on the back of a 2 per cent reduction in rates last year.

Jet fuel constitutes over 40 per cent of an airline’s operating costs and the price cut will reduce the financial burden on cash-strapped carriers.

No immediate comment was available from airlines on the impact of the price hike on passenger fares.

State-owned fuel retailers, Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) revise jet fuel and non-subsidised LPG prices on the first of every month based on average imported cost and rupee-dollar exchange rate. The same on petrol and diesel is done on a fortnightly basis.

Related Topics