Non-subsidised LPG cylinders to cost Rs 11 less, the first price cut in three months
On the other hand, oil companies have hiked the price of jet fuel by 5.5%.
The price of non-subsidised LPG cylinders was reduced by Rs 11 on Friday, PTI reported. Fuel retailers Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum revise both jet fuel and non-subsidised LPG prices on the first day of every month, based on global trends and average international prices.
Non-subsidised LPG cylinders are the ones consumers buy after exhausting the quota of 12 subsidised cylinders a year. A 14.2-kg non-subsidised cylinder in Delhi will now cost Rs 537.50.
This is the first time in the past three months that oil firms have reduced the prices. On May 1, price of non-subsidised cylinders rose by Rs 18. On June 1, they announced another a hike of Rs 21.
The price of aviation turbine fuel, however, has gone up by 5.5%, the fifth consecutive time oil companies have hiked its price. Jet fuel in Delhi now costs Rs 49,287.18. However, the price will be different at different airports because of different local sales tax or value-added tax.