New Delhi, Jan 1: Aviation turbine fuel (ATF) prices were slashed by 7.3 per cent on Thursday, while commercial LPG rates surged by Rs 111 per cylinder, as state-owned oil marketing companies implemented their monthly price revisions in line with global fuel benchmarks.
ATF price in Delhi was reduced by Rs 7,353.75 per kilolitre to Rs 92,323.02 per kl, according to state-owned fuel retailers. The steep reduction follows three consecutive monthly price hikes.
The rate was last increased by Rs 5,133.75 per kl (5.4 per cent) on December 1. Prior increases of approximately 1 per cent on November 1 and 3.3 per cent on October 1 had pushed prices higher.
Thursday’s cut neutralizes over two-thirds of the cumulative price increase since October 1.
The reduction is expected to provide relief to airlines, for whom fuel constitutes nearly 40 per cent of operating costs. Immediate comments from airlines on the impact were not available.
In Mumbai, ATF was revised to Rs 86,352.19 per kl, while Chennai and Kolkata saw prices adjusted to Rs 95,770 and Rs 95,378.02 per kl, respectively. Fuel prices vary across cities due to local taxation.
Meanwhile, the price of a 19-kg commercial LPG cylinder used by hotels and restaurants jumped by Rs 111 to Rs 1,691.50 in Delhi.
The steep hike follows two consecutive monthly reductions. Prices were last cut by Rs 15.50 per 19-kg cylinder on December 1, after a Rs 5 reduction in the previous month.
Commercial LPG prices have now reached their highest level since June last year.
Domestic LPG rates for household cooking remained unchanged at Rs 853 per 14.2-kg cylinder, following a Rs 50 increase in April 2025.
Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise ATF and LPG prices on the first day of each month based on international benchmarks and foreign exchange rates.
While crude oil prices have moderated over the past month, winter heating demand has driven up LPG rates in global markets.
Petrol and diesel prices remain frozen following a Rs 2 per-litre reduction in March last year. Petrol currently costs Rs 94.72 per litre in Delhi, while diesel is priced at Rs 87.62 per litre.
