Tuesday, November 29, 2022

Commercial LPG rates down Rs.25.5; ATF price cut by 4.5%

Jet fuel (ATF) price on Saturday was slashed by 4.5% and that of commercial LPG used in hotels and restaurants by Rs.25.5 per 19-kg cylinder.
The price of a 19-kg commercial LPG cylinder was cut to Rs.1,859.50 in the national capital from Rs.1,885, according to a price notification from state-owned fuel retailers.
This is the sixth reduction in the price of commercial LPG since June, in step with softening international energy prices. In all, rates have come down by Rs.494.50 per 19-kg cylinder. However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs.1,053 per 14.2-kg cylinder.
This because the rates of domestic cooking gas were way lower than cost and now with a drop in international prices, they are at breakeven, industry sources said. While commercial LPG rates are revised once a month, ATF prices are changed every fortnight. There was no change in jet fuel prices on September 16. Prior to that, they were cut marginally by 0.7% on September 1.
Petrol and diesel prices, however, continued to remain on freeze for a record near six months. Petrol costs Rs.96.72 per litre in the national capital and diesel comes for Rs.89.62.

SourcePTI
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