Business

Government reduces Prices of Aviation fuel and LPG cylinders

However, in the light of the recent theory for a change in prices, it was found that the fuel was cheaper by 6. 5 pc, or 6,673 Rs, as seed capital in existence, though the realistic investment seems to be only about ¼ of the above figure. 87 per kiloliter. The domestic LPG price used by households has remained frozen by the authorities.

The government reduced jet fuel or aviation turbine fuel (ATF) rates by 6% to cool off rising inflation mapped for this fiscal. year to 5 percent on Saturday, whereas it has reduced the price of commercial LPG by Rs 69 per 19 kg cylinder. The occurrence was a result of the gradual dip in international market oil prices.

However, they did not adjust the price of domestic LPG used for cooking within dwellings, keeping it constant. Currently, the price that domestic cooking gas is offered at is Rs 803 per cylinder in New Delhi, Rs 829 in Kolkata, and Rs 802.50 in Mumbai and Rs 818 in Kolkata, respectively. 50 in Chennai. These new tariff changes will start in June 2024.

The change in the price web meant that the aspect of fuel that people in the organization used was cheaper by 6. A total of Rs 6,673 (5 percent) was also spent on other miscellaneous expenses. 87 per kiloliter. This comes after the earlier marginal increase, which had been pegged at 0.7 percent for the adjustment in jet fuel prices that was effected at the onset of the proceeding month.

The new price structure after the change shows that the 19 kg commercial LPG cylinder is available for Rs 1,676 per cylinder in the national capital and will be available from Saturday onwards. Presently, in Kolkata, a commercial cylinder is priced at Rs 1787, and now a commercial LPG is available at Rs 1629 in Mumbai. Earlier, the cost of the 19-kg cylinder was Rs 1,825; at present, it is Rs 1,840 in Chennai. 50 per cylinder.

This cut represents the third monthly decline in prices. After the reduction introduced on May 1st, wherein the cost of the 19 kg LPG cylinder was reduced by Rs 19 per cylinder, on April 1st, the price of the cylinder was reduced by Rs 30. 5 per piece.

Source
abp LIVE

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