Thursday, April 01, 2021

Jet fuel price cut by 3% amid softer global crude rates

New Delhi: In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices.

Aviation turbine fuel (ATF) price was reduced by Rs 1,887 per kilolitre, or 3 per cent, to Rs 58,374.16 per kl in the national capital, according to a price notification of state-owned fuel retailers.

This is the first reduction in rates after four rounds of increase since February.

Rates were increased by Rs 3,246.75 per kl on February 1, followed by a 3.6 per cent hike on February 16, and a steep 6.5 per cent raise on March 1. On March 16, prices were again raised by Rs 860.25 per kl.

On Thursday, a Rs 10 per cylinder reduction in price of domestic cooking gas LPG also came into effect. The reduction followed four rounds of increase, totaling Rs 135 per 14.2-kg cylinder, in as many weeks.

A 14.2-kg subsidised and non-subsidised LPG cylinder now costs Rs 809 in the national capital.

Meanwhile, petrol and diesel prices remained unchanged for the second day in a row after three reductions in a week. The reductions totalled 60-61 paise per litre.

01/04/21 PTI/Times of India

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