New Delhi, Jan. 1 -- Price of aviation turbine fuel (ATF), or jet fuel, was reduced by 7.3 per cent on Thursday, while commercial LPG rate was raised by Rs 111 per cylinder, as state-owned oil marketing companies implemented their monthly price revisions aligned with global fuel benchmarks.
ATF price in Delhi was cut by Rs 7,353.75 per kilolitre, or 7.3 per cent, to Rs 92,323.02 per kl, according to state-owned fuel retailers.
The reduction comes after three rounds of monthly price hikes. The rate was last raised by Rs 5,133.75 per kl, or 5.4 per cent, on December 1. Prior to that prices had risen by about 1 per cent on November 1 and by 3.3 per cent on October 1.
The cut announced Thursday neutralises more than two-thirds of the price i...