In the first reduction in rate in two months, jet fuel or ATF price was cut by 3% in line with softening international crude oil prices. Aviation turbine fuel (ATF) price was reduced by Rs 1,887 per kilolitre, or 3%, to Rs 58,374.16 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is the first reduction in rates after four rounds of increase since February.
Rates were increased by Rs 3,246.75 per kl on February 1, followed by a 3.6% hike on February 16, and a steep 6.5% raise on March 1. On March 16, prices were again raised by Rs 860.25 per kl. On Thursday, a Rs 10 per cylinder reduction in price of domestic cooking gas LPG also came into effect. The reduction followed four rounds of increase, totalling Rs 135 per 14.2-kg cylinder, in as many weeks.
A 14.2-kg subsidised and non-subsidised LPG cylinder now costs Rs 809 in the national capital. Meanwhile, petrol and diesel prices remained unchanged for the second day in a row after three reductions in a week. The reductions totalled 60-61 paise per litre. Petrol now costs Rs 90.56 per litre in Delhi, down from a record high of Rs 91.17, and a litre of diesel comes for Rs 80.87.
While petrol and diesel prices are revised on a daily basis, ATF and LPG rates are revised on the 1st and 16th of every month. Central and state taxes make up for 60% of the retail selling price of petrol and over 54% of diesel. The Union government levies Rs 32.90 per litre of excise duty on petrol and Rs 31.80 a litre on diesel.
