The government slashed jet fuel or aviation turbine fuel (ATF) prices by 6.5 per cent on Saturday, while cutting down the price for commercial cooking gas (LPG) by Rs 69 per 19 kg cylinder. The development followed a decline in global oil prices.
Meanwhile, the authorities kept the price for domestic LPG used for cooking purposes in households unchanged. The price for the domestic cooking gas stands at Rs 803 per cylinder in New Delhi, Rs 829 in Kolkata, Rs 802.50 in Mumbai, and Rs 818.50 in Chennai. The new prices will be effective from June 1, 2024.
The revision in prices meant that the fuel became cheaper by 6.5 per cent or Rs 6,673.87 per kilolitre. This price change follows the earlier marginal increase of 0.7 per cent in the jet fuel prices implemented at the beginning of the last month.
Revised ATF Prices In Metros For Domestic Airlines
| Metros | Prices (Rs/Kl) |
| Delhi | Rs 94,969.01 |
| Kolkata | Rs 1,03,715 |
| Mumbai | Rs 88,834.27 |
| Chennai | Rs 98,557.14 |
(Sourced from Indian Oil)
After the change, the price of the 19 kg commercial LPG cylinder stands at Rs 1,676 per cylinder in the national capital, effective from Saturday. The cost of the commercial cylinder in Kolkata stood at Rs 1,787, while the commercial LPG now costs Rs 1,629 in Mumbai. The cost of the 19 kg cylinder in Chennai now stands at Rs 1,840.50 per cylinder.
This reduction marked the third consecutive monthly downgrade in the prices. Earlier on May 1, the price of the 19 kg LPG cylinder was slashed by Rs 19 per cylinder, while on April 1, the price of the cylinder was cut down by Rs 30.5 per piece.
The ATF and cooking gas prices are revised by the Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) every month on the 1st on the basis of average price of benchmark global fuel and foreign exchange rates.
Also Read : Centre Slashes Windfall Tax On Petroleum Crude, Levy On Diesel, ATF Remains Zero