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Commercial Gas Price Slashed, ATF Rises Sharply
1 Aug
Summary
- Commercial LPG cylinder price reduced by ₹192, aiding businesses.
- Aviation turbine fuel prices increased by ₹5 per litre.
- Domestic LPG prices remain unchanged, citing under-recovery.
Commercial cooking gas prices saw a substantial reduction of ₹192 per 19-kg cylinder, effective from Saturday, providing much-needed relief to businesses like hotels and restaurants. This follows a previous reduction of ₹183.50 on July 1. Combined, these revisions have lowered commercial LPG rates by ₹375.50 in two months.
Concurrently, aviation turbine fuel (ATF) prices have been increased by ₹5 per litre, reversing a previous decrease. This rise could impact airline operating costs. Retail prices for both commercial LPG and ATF are adjusted monthly based on international benchmarks and foreign exchange rates, with local taxes causing variations across states.
Prices for domestic LPG cylinders, used by households, were kept unchanged at ₹942 per 14.2-kg cylinder. Oil companies reported an under-recovery of ₹503 on each domestic cylinder in July, which has restricted price reductions to market-priced commercial LPG. Petrol and diesel prices also remained static.
