Jet Fuel and LPG Prices Plummet Amid Global Oil Price Dip

On Sunday, prices of aviation turbine fuel (ATF) were reduced by 3%, marking the third consecutive reduction as international oil and gas prices soften. This fall has translated to a Rs 2,414.25 cut per kilolitre, now priced at Rs 83,072.55 in Delhi, easing the cost burden on commercial airlines.

The same trend affected commercial LPG, with a Rs 24 deduction per 19-kg cylinder, now costing Rs 1,723.50 in the national capital. The reduction mirrors price cuts from previous months, amounting to Rs 41 per cylinder since April, aligning with global price declines spurred by a weakened fuel demand outlook due to trade tensions.

Despite these changes, domestic LPG prices remain stable at Rs 853 per 14.2-kg cylinder. State-owned oil companies continue monthly price adjustments based on international benchmarks and currency rates, while domestic petrol and diesel prices remain unchanged since pre-election cuts last year.

(With inputs from agencies.)