Now Reading: Commercial LPG cut by Rs 200; ATF hiked by Rs 5
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Commercial LPG cut by Rs 200; ATF hiked by Rs 5
Oil marketing companies have cut commercial LPG prices by about Rs 200 per cylinder from August 1, with the steepest drop of Rs 209 in Kolkata. However, aviation turbine fuel (ATF) prices…
The Story in Brief
Oil marketing companies have cut commercial LPG prices by about Rs 200 per cylinder from August 1, with the steepest drop of Rs 209 in Kolkata. However, aviation turbine fuel (ATF) prices were hiked by Rs 5 per litre, reversing last month's cut. Domestic LPG rates were unchanged, while 5-kg free-trade cylinders were reduced by Rs 46. This is the second reduction in two months, cumulatively lowering commercial LPG by about Rs 380. Industry bodies welcomed the move.
The Indian Opinion
The LPG cut is welcome relief for small businesses, yet the ATF hike shows global crude volatility still hits home. Some may call this pre-election populism, but oil firms still face under-recoveries. The real test is whether domestic LPG prices will stay untouched. Watch international crude next month: if Brent stays below $75, consumers will ask why more hasn't been passed on.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
