Jet fuel or ATF price on Saturday was reduced by a steep 6.5 per cent and that of commercial LPG used by hotels and restaurants by ₹69 per 19-kg cylinder on declining international oil prices.
Ziraat Times adds: As prices differ from State to State depending on the incidence of local taxes, the actual cut applicable in J&K could not be immediately ascertained.
Aviation turbine fuel (ATF) price was cut by ₹6,673.87 per kilolitre, or 6.5 per cent, to ₹94,969.01 per kilo litre (kl) in the national capital, according to a price notification of state-owned fuel retailers.
The reduction follows a marginal 0.7 per cent (₹749.25 per kl) increase on May 1.
The ATF rate in Mumbai was slashed to ₹88,834.27 per kl from ₹95,173.70.
Alongside, oil firms also cut the price of commercial LPG by ₹69 to ₹1,676 per 19-kg cylinder.
This is the third straight monthly reduction in rates. The price was on May 1 reduced by ₹19 per cylinder and by ₹30.5 on April 1.
Rate of cooking gas used in domestic households, however, remained unchanged at ₹803 per 14.2-kg cylinder.
April 1 saw the first reduction in commercial LPG prices since January. The rate had gone up by ₹14 per cylinder on February 1 and ₹25.5 on March 1.
