Jet fuel price cut by 1.5%, commercial LPG rates down ₹14.5 per cylinder

Commercial LPG that is used in hotels and restaurants were cut by ₹14.5 per 19-kg cylinder in the monthly revision done in line with benchmark international prices. File
| Photo Credit: PTI

The price of Jet fuel, or ATF, on Wednesday (January 1, 2025) was reduced by 1.5% and rates of commercial LPG that is used in hotels and restaurants were cut by ₹14.5 per 19-kg cylinder in the monthly revision done in line with benchmark international prices.

The aviation turbine fuel (ATF) price was reduced by ₹1,401.37 per kilolitre, or 1.52%, to ₹90,455.47 per kl in the national capital – home to one of the busiest airports in the country, according to state-owned fuel retailers.

The rate cut follows two rounds of monthly increases. Prices were increased by ₹2,941.5 per kl (3.3%) on November 1, and by ₹1,318.12 per kl (1.45%) on December 1, 2024.

The ATF price in Mumbai has been reduced to ₹84,511.93 on Wednesday (January 25, 2025), from ₹85,861.02 per kl previously.

Oil firms also reduced the price of commercial LPG by ₹14.5 to ₹1,804 per 19-kg cylinder in the national capital.

This is the first reduction in the prices after the fifth straight monthly hikes in commercial LPG prices. Rates were hiked by ₹16.5 per 19-kg cylinder at the last revision on December 1, 2024.

In five price increases, commercial LPG rates had been hiked by ₹172.5 per 19-kg cylinder.

Commercial LPG now costs ₹1,756 per 19-kg cylinder in Mumbai, ₹1,911 in Kolkata and ₹1,966 in Chennai.

Prices of ATF and LPG differ from state to state depending on the incidence of local taxes including VAT.

The rate of cooking gas used in domestic households, however, remained unchanged at ₹803 per 14.2-kg cylinder.

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) revise prices of ATF and cooking gas on the first of every month based on the average price of benchmark international fuel and foreign exchange rate.

Prices of petrol and diesel continue to remain frozen. Rates had been cut by ₹2 per litre in mid-March ahead of the general elections. Petrol costs ₹94.72 a litre in Delhi, while diesel is priced at ₹87.62.