Non-subsidised LPG rate cut by Rs 53.5, ATF hiked by 1%

The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled 12 bottles at subsidised rates, will now cost Rs 1,080.50, down from Rs 1,134, in Delhi.

The rates were on 1 February cut by Rs 107 -- from Rs 1,241 per cylinder to Rs 1,134, according to IOC. A subsidised LPG cylinder in Delhi costs Rs 414. Seperately, aviation turbine fuel, or ATF, price at Delhi was hiked by Rs 753.34 per kilolitre, or 1 per cent, to Rs 74,825.54 per kl, according to Indian Oil Corp, the nation’s largest fuel retailer. In Mumbai, jet fuel costs Rs 77,322.6 per kl as against Rs Rs 76,524.33 per kl previously, IOC said. Rates at different airports vary because of difference in local sales tax or VAT.

IOC said losses on LPG have come down to Rs 605.50 per 14.2-kg cylinder from Rs 656 in February. The loss was Rs 762.50 in January.

The three fuel retailers -- IOC, Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) -- revise jet fuel and non-domestic LPG prices on the first of every month, based on the average international price in the preceding month.