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LPG Cylinder Prices Increased By Rs 25; Jet Fuel Prices Cut

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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
 

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

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

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

Read more about: lpg atf
Story first published: Saturday, June 1, 2019, 15:42 [IST]
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