Petrol, Jet fuel, Non-subsidised LPG prices come down

Fuel prices have come down. Petrol price was on Monday cut by 85 paise per litre with effect from midnight tonight.

The price cut, which was made possible because of fall in international oil prices, is excluding local sales tax or VAT.

Now, petrol will cost Rs. 67. 29 per litre in Delhi, 74. 14 paise in Mumbai, Rs. 74.72 paise in Kolkata and Rs. 70. 34 paise in Chennai.

The price cut comes on back of reduction of Rs. 2 a litre in rates effected on 16th of last month. This was the steepest cut in rates in the past nine months. 

Non-subsidised cooking gas has become cheaper by Rs. 3 per cylinder. According to Indian Oil Corporation, a 14.2-kilogram LPG cylinder that consumers will have to buy after they exhaust their enhanced quota of nine subsidised bottles in a year, will cost 901 rupees 50 paise from on Monday.

Jet fuel, ATF prices were also cut by a steep 5.5 per cent, reversing the rising trend of past two months.

According to Indian Oil Corporation, Aviation Turbine Fuel, or ATF, price in Delhi was cut by about Rs. 3,885 per kilolitre to Rs. 66,196 per kilolitre from on Monday.

The reduction comes on back of a 2 per cent Rs. 1,324.84 per kilolitre increase in price from 1st February and a 3.8 per cent ,2,519.83 per kilolitre hike in rates from 1st March.