According to a price notification from state-owned fuel retailers, the price of aviation turbine fuel (ATF) was reduced by Rs 1,887 per kilolitre, or 3%, to Rs 58,374.16 per kilolitre in the national capital. After four rounds of rate rises since February, this is the first time rates have been decreased.
On February 1, rates were raised by Rs 3,246.75 per kl, followed by a 3.6 percent rise on February 16 and a steep 6.5 percent increase on March 1. Prices were increased by Rs 860.25 per kl on March 16.
The price of domestic cooking gas LPG was also reduced by Rs 10 per cylinder on Thursday. In as many weeks, there had been four rounds of rises, totaling Rs 135 per 14.2-kg cylinder.
In the national capital, a 14.2-kg subsidized and non-subsidized LPG cylinder now costs Rs 809. Meanwhile, despite three consecutive price reductions, gasoline and diesel prices remained unchanged for the second day in a row. The savings amounted to 60-61 paise per litre.
In Delhi, a litre of petroleum presently costs Rs 90.56, down from a record high of Rs 91.17, and a litre of diesel costs Rs 80.87. Despite the fact that gasoline and diesel costs are refreshed every day, ATF and LPG rates are refreshed double a month on the first and sixteenth.
Central and state charges compensate for 60% of the retail selling cost of petroleum and more than 54% of diesel. The union government demands Rs 32.90 per litre of excise duty on petroleum and Rs 31.80 a litre on diesel.