LPG price cut marks relief for the hospitality sector; aviation turbine fuel prices also witness a 1.5% reduction ahead of the Union Budget.
February 1, 2025: New Delhi: In a move to provide some relief to commercial establishments, oil marketing companies have slashed the price of commercial LPG gas cylinders by ₹7 per 19-kg cylinder, effective from Saturday. This brings the price down to ₹1,797 in Delhi, compared to the previous rate of ₹1,804.
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Key Highlights:
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- The price cut comes just before the presentation of the Union Budget 2025 by Finance Minister Nirmala Sitharaman.
- The latest rates in other metro cities are:
- Kolkata: ₹1,911
- Mumbai: ₹1,756
- Chennai: ₹1,966
- This is the first price reduction after five consecutive hikes, with previous rates touching higher thresholds in major cities.
Aviation Turbine Fuel Price Cut:
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In a separate announcement, aviation turbine fuel (ATF) prices were reduced by 1.5%, translating to a cut of ₹1,401.37 per kilolitre. The revised rate for ATF now stands at ₹90,455.47 per kilolitre in Delhi.
Sectoral Impact:
The reduction in commercial LPG prices is expected to bring relief to the hospitality industry, especially hotels and restaurants that heavily depend on LPG for daily operations. The aviation sector will also benefit from lower ATF rates, easing operational costs for airlines.
These price adjustments follow a previous reduction in LPG rates on January 1, 2025, signaling some respite amidst rising costs over the last two months.
Tags:
Commercial LPG Prices, LPG Price Cut 2025, Aviation Turbine Fuel Rates, Union Budget Impact, Hospitality Sector Relief, ATF Price Reduction