Commercial LPG (Gas) Rates Were Reduced By 115.5 While Jet Fuel Prices Increased By 4.2%

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Commercial LPG (Gas) Rates Were Reduced By 115.5 While Jet Fuel Prices Increased By 4.2%

Tuesday saw a 4.2% increase in jet fuel (ATF), but commercial LPG prices—used in places like hotels and restaurants—were reduced by 115.5 per 19-kg cylinder, in line with trends in the world energy market.
According to a price announcement from state-owned fuel dealers, aviation turbine fuel (ATF) in the national capital increased by 4,842.37 per kilolitre, or 4.19 percent, to 120,362.64 per kl.

This undoes a 4.5% decrease in aircraft fuel costs last month.

Separately, the oil companies lowered the cost of a 19-kg commercial LPG cylinder in the nation’s capital from Rs. 1,859.50 to Rs. 1,744.

In line with the easing of global energy costs, this is the seventh price cut for commercial LPG since June.

In all, prices per 19-kg cylinder have decreased by 610.

However, the cost of LPG for cooking in domestic kitchens remained constant at 1,053 per 14.2-kg cylinder.

This is because domestic cooking gas prices were far lower than their actual costs, and now that global prices have fallen, they are at breakeven, according to sources in the sector.

On the other hand, commercial LPG rates have mostly followed costs and have risen and fallen along with changes in the value of commodities globally.

Rates vary according to the prevalence of municipal taxes from state to state. Prices are benchmarked to worldwide LPG and jet fuel rates, which are not always synchronized. Prices are influenced by global demand and supply situations.

ATF prices are updated every two weeks, whereas commercial LPG rates are updated monthly. But on October 16, there was no alteration in the cost of jet fuel. Before that, on October 1, they were reduced by 5,521.17, or 4.5 percent, and on September 1, by 0.7%.

However, the price of gasoline and diesel remained frozen for a record-breaking close to seven months. In the nation’s capital, gasoline costs 96.72 rupees a litre, and diesel costs 89.62.

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