Non-subsidised LPG rate cut by Rs.5, jet fuel costs a little more

The price of non-subsidised LPG, or cooking gas, was slashed by Rs.5 per cylinder on Friday even as rates of transport fuels, including jet fuel, were raised, following the hardening of international crude oil prices.

The price of market-priced, liquefied petroleum gas was reduced by Rs.5 to Rs.616 per 14.2 kg cylinder in Delhi, state-run oil marketers said.

The reduction comes after two successive hikes of Rs.5 on March 1 and Rs.11 on April 1.

Jet fuel rates were marginally raised in step with global trends.

The subsidised 14.2 kg cylinder, of which a consumer is entitled to 12 a year, currently costs Rs.417 in Delhi.

Allowing for local taxes, in Mumbai, non-subsidised cooking gas has been reduced by Rs.4.50 to Rs.627.50, while it will cost Rs.649 in Kolkata as against Rs.654.50 previously. Chennai will see a price cut of Rs.5.50 to Rs.608.50 per cylinder.

The price of aviation turbine fuel (ATF), or jet fuel, was hiked marginally on Friday in Delhi by Rs.272 per kilolitre or 0.5 percent to Rs.49,609.84 per kl.

The increase comes after a 2 percent reduction in rates last year.