Jet fuel (ATF) price on Saturday was slashed by 4.5 per cent and commercial LPG used in hotels and restaurants by Rs 25.5 per 19-kg cylinder.

The price of a 19-kg commercial LPG cylinder was cut to Rs 1,859.50 from Rs 1,885 in Delhi, according to a price notification from state-owned fuel retailers. In all, rates have come down by Rs 494.50 per 19-kg cylinder.

This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices.

Commercial LPG rates have largely been aligned with cost and so they have moved in tandem with rise and fall in international prices.

However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder. This because the rates of domestic cooking gas were lower than cost and now with a drop in international prices, they are at breakeven, industry sources said.

Simultaneously, the rates of aviation turbine fuel (ATF) were cut marginally by 4.5 per cent. Jet fuel price was cut by Rs 5,521.17, or 4.5 per cent, to Rs 115,520.27 pr kl in the national capital.

Rates differ from state to state depending on incidence of local taxes.

While commercial LPG rates are revised once a month, ATF prices are changed every fortnight. There was no change in jet fuel prices on September 16. Prior to that, they were cut marginally by 0.7 per cent on September 1.

Petrol and diesel prices, however, continued to remain on freeze for a record near six months. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.

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