#NewDelhi: The rates of International oil had been slumped to multi-year lows which cause the cut down of price of non-subsidised cooking gas (LPG) by Rs. 43.50 per cylinder from Thursday. Jet fuel (ATF) price also had been slashed by 12.5%.
Oil Companies on Thursday announced that non-subsidized LPG cylinder of 14.2-kg will now cost Rs 708.50, down from Rs 752 previously, in Delhi.
This is the sixth straight reduction in rates of non-subsidized or market priced LPG, which the customers buy after exhausting their quota of 12 cylinders at subsidized rates, since August.
In six monthly reductions, non-domestic LPG rates have been slashed by Rs 214 per cylinder.
Aviation turbine fuel (ATF), or jet fuel, rates were cut by a steep 12.5%, the fifth straight reduction in prices since August on back of falling international oil prices.
Notify that Indian Oil Corp. Ltd, Hindustan Petroleum Corp. Ltd and Bharat Petroleum Corp. Ltd revise jet fuel and non-subsidized LPG prices on the first of every month.
Bureau Report
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