New DelhiI: If youâ€™re one of those people who needs more than 12 cylinders a day and this news is bound to make you happy. Your extra cylinders will now cost less, as price of non-subsidized LPG wasÂ on FridayÂ cut by Rs 5 per cylinder even as jet fuel (ATF) rates were marginally raised in step with global trend.
The price of non-subsidized or market-priced domestic cooking gas (LPG) was cut by Rs 5 to Rs 616 per 14.2 kg cylinder in Delhi, state-owned fuel retailers said, coming hot on heels of two successive hikes â€” Rs 5 onÂ March 1Â and Rs 11 on April 1.
Households are entitled to 12 cylinders of 14.2-kg each at subsidized rate of Rs 417 in Delhi. Any requirement beyond this has to be bought at the market price, which is now Rs 616 in Delhi.
In Mumbai, non-subsidized cooking gas has been cut by Rs 4.50 to Rs 627.50, while it will cost Rs 649 in Kolkata as against Rs 654.50, previously. Chennai will see a price cut of Rs 5.50 to Rs 608.50 per cylinder.
Oil companies raised price of aviation turbine fuel (ATF), or jet fuel, in Delhi by Rs 272 per kilolitre or 0.5 per cent to Rs 49,609.84 per kl, which Â comes after a 2 per cent reduction in rates last year.
Jet fuel constitutes over 40% of an airline’s operating costs and the price cut will reduce the financial burden on cash-strapped carriers.
State-owned fuel retailers, Indian Oil Corp (IOC), Bharat Petroleum Corp ( BPCL) and Hindustan Petroleum Corp (HPCL) revise jet fuel and non-subsidized LPG prices on the first of every month based on average imported cost and rupee-dollar exchange rate. The same on petrol and diesel is done on a fortnightly basis.