India slashes commercial LPG prices, hikes jet fuel rate
The commercial LPG prices were slashed by Rs 192 per 19-kg cylinder
India today effected a sharp cut in the prices of commercial LPG used in hotels and restaurants while hiking aviation turbine fuel (ATF) prices in line with divergent trends in benchmark rates.
The commercial LPG prices were slashed by Rs 192 per 19-kg cylinder.
ATF rates have been raised to Rs 115 per litre from Rs 110, according to price information from state-owned oil firms.
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This is the second straight monthly reduction in commercial LPG rates following a Rs 183.5 cut on 1 July. In the case of ATF, the revision reverses the reduction by a similar proportion that was effected on 1 July.
The revision in ATF prices does not apply to jet fuel supplied for international flights. Fuel for overseas routes is priced separately, and airlines operating such services will continue to purchase ATF under the prevailing international pricing mechanism.
