New Delhi: The rate of commercial LPG, which is used in hotels and restaurants, was lowered by Rs 7 per 19-kg cylinder in the monthly revision made in accordance with the benchmark worldwide pricing, while the price of Jet fuel, also known as ATF, was raised by a sharp 5.6% on Saturday.
According to state-owned fuel dealers, the price of aviation turbine fuel (ATF) in the nation’s capital, which is home to one of the busiest airports in the nation, jumped by Rs 5,078.25 per kilolitre, or 5.6%, to Rs 95,533.72 per kl.
The increase comes after rates were lowered by 1.5% in the January 1 adjustment.
Before that, prices were raised twice: on November 1, 2024, by Rs 2,941.5 per kl (3.3%), and on December 1, 2024, by Rs 1,318.12 per kl (1.45%).
On Saturday, the price of ATF in Mumbai went up from Rs 84,511.93 per kilo to Rs 89,318.90.
In the nation’s capital, oil companies also lowered the cost of commercial LPG by Rs 7 to Rs 1,797 per 19-kg cylinder.
Following five consecutive monthly increases in the price of commercial LPG, this is the second rate drop. At the most recent modification on January 1, 2024, the price per 19-kg cylinder was reduced by Rs 14.5.
Before the two rounds of discounts this year, the commercial LPG tariff had increased by Rs 172.5 per 19-kg cylinder in five price hikes.
Currently, a 19-kg cylinder of commercial LPG costs Rs 1,749.50 in Mumbai, Rs 1,907 in Kolkata, and Rs 1,959.50 in Chennai.
State-by-state variations in ATF and LPG prices are caused by the prevalence of local taxes, such as VAT.
However, the amount of cooking gas utilised in residential units stayed constant at Rs 803 per 14.2-kg cylinder.
ATF and cooking gas prices are revised on the first of each month by the state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) in accordance with the foreign exchange rate and the average price of benchmark international fuel.
The cost of petrol and diesel has not changed. In mid-March, rates were lowered by Rs 2 per litre in anticipation of the upcoming elections. In Delhi, petrol costs Rs 94.72 per litre, while diesel costs Rs 87.62.
