Commercial LPG rates slashed by Rs 14.50, price of jet fuel cut by 4.4 per cent
The price of jet fuel, or ATF, was reduced by 4.4 per cent on Thursday -- marking the second major cut within a month. Additionally, the price of commercial LPG used in hotels and restaurants was lowered by Rs 14.50 per cylinder, in line with international benchmarks.
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The Aviation Turbine Fuel (ATF) price was reduced by Rs 3,954.38 per kilolitre, or 4.4 per cent, to Rs 85,486.80 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers.
The price cut follows a steep 6.15 per cent (Rs 5,870.54 per kl) reduction effected on April 1. These two reductions have effectively offset the price increases that occurred earlier this year.
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