Government hikes commercial LPG cylinder prices

Jet fuel, or ATF, price was on Tuesday reduced by 6.3 per cent to its lowest level this year, while the rate of commercial LPG used in hotels and restaurants was hiked by Rs 48.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends.

Aviation Turbine Fuel (ATF) price was cut by Rs



5,883 per kilolitre, or 6.29 per cent, to Rs 87,597.22 per kl in the national capital, according to state-owned fuel retailers.

This is the lowest price of jet fuel this year. The price reduction, the second in a month, will help ease the burden of airlines for whom fuel makes up for almost 40 per cent of the operating cost.