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LPG Cylinder Prices Increased By Rs 25; Jet Fuel Prices Cut
In its monthly price revision, state-owned oil marketer Indian Oil Corporation Limited (IOCL) marginally increased the rates of 14.2 kg domestically used LPG cylinders while reducing ATF (Air Turbine Fuel) prices.
This is the fourth consecutive increase in LPG cylinder prices.
Subsidized LPG cylinder prices
Prices of subsidized LPG cylinders were hiked by Rs 1.23 across major Indian cities.
| City | Rates effective from 1 June 2019 (Rs) | Previous price (Rs) | Difference (Rs) |
|---|---|---|---|
| Delhi | 497.37 | 496.14 | 1.23 |
| Kolkata | 500.52 | 499.29 | 1.23 |
| Mumbai | 495.09 | 493.86 | 1.23 |
| Chennai | 485.25 | 484.02 | 1.23 |
Households in India are allowed a maximum of 12 LPG cylinder purchases per year at subsidized rates.
However, cylinders have to be bought at full price at the time of purchase, and the subsidy is then credited to the customer's bank account by the government.
Subsidy paid varies every month based on the changes in the pricing and tax rates. GST on these cylinders are calculated on the market rates.
Residents also have the choice of voluntarily opt out of subsidy.
Non-subsidized LPG cylinder prices
Prices of non-subsidized 14.2 kg cylinders were increased by Rs 25.
| City | Rates effective from 1 June 2019 (Rs) | Previous price (Rs) | Difference (Rs) |
|---|---|---|---|
| Delhi | 737.5 | 712.5 | 25 |
| Kolkata | 763.5 | 738.5 | 25 |
| Mumbai | 709.5 | 684.5 | 25 |
| Chennai | 753 | 728 | 25 |
Aviation Turbine Fuel
Aviation Turbine Fuel (ATF) price cuts were seen at the highest rate in Kolkata and the least at the National Capital.
ATF prices per kilolitre (1000 litres) for domestic airlines:
| City | Rates effective from 1 June 2019 (Rs) | Previous price (Rs) | Difference (Rs) |
|---|---|---|---|
| Delhi | 65,006.8 | 65,067.85 | -61.05 |
| Kolkata | 70,421.41 | 70,726.66 | -305.25 |
| Mumbai | 64,946.04 | 65,029.29 | -83.25 |
| Chennai | 66,069.55 | 66,298.65 | -229.10 |
ATF prices per kilolitre (1000 litres) for international airlines:
| City | Rates effective from 1 June 2019 (USD) | Previous price (USD) | Difference (USD) |
|---|---|---|---|
| Delhi | 699.28 | 700.56 | -1.28 |
| Kolkata | 748.39 | 749.68 | -1.29 |
| Mumbai | 708.53 | 709.88 | -1.35 |
| Chennai | 685.02 | 686.17 | -1.15 |
