Price of aviation turbine fuel (ATF), or jet fuel, was reduced by 7.3 per cent on Thursday, while commercial LPG rate was raised by Rs 111 per cylinder, as state-owned oil marketing companies implemented their monthly price revisions aligned with global fuel benchmarks.
ATF price in Delhi was cut by Rs 7,353.75 per kilolitre, or 7.3 per cent, to Rs 92,323.02 per kl, according to state-owned fuel retailers.
Commercial LPG rates were hiked by Rs 111 per 19-kg cylinder in line with global benchmarks.
Commenting on the increase in price of commercial LPG cylinders, a statement issued by the Oil Ministry said the price of commercial LPG cylinders is market-determined and linked to international benchmarks.
“Accordingly, revisions in commercial LPG prices reflect movements in global LPG prices and associated costs. The prices of domestic LPG remain unchanged,” it added.
India imports about 60 per cent of its LPG requirement, and domestic LPG prices are therefore linked to international
Price of aviation turbine fuel (ATF), or jet fuel, was reduced by 7.3 per cent on Thursday, while commercial LPG rate was raised by Rs 111 per cylinder, as state-owned oil marketing companies implemented their monthly price revisions aligned with global fuel benchmarks.
ATF price in Delhi was cut by Rs 7,353.75 per kilolitre, or 7.3 per cent, to Rs 92,323.02 per kl, according to state-owned fuel retailers.
Commercial LPG rates were hiked by Rs 111 per 19-kg cylinder in line with global benchmarks.
Commenting on the increase in price of commercial LPG cylinders, a statement issued by the Oil Ministry said the price of commercial LPG cylinders is market-determined and linked to international benchmarks.
“Accordingly, revisions in commercial LPG prices reflect movements in global LPG prices and associated costs. The prices of domestic LPG remain unchanged,” it added.
India imports about 60 per cent of its LPG requirement, and domestic LPG prices are therefore linked to international by Soban News (international And National News)
