What happened: commercial LPG cut and ATF increase
Oil marketing companies reduced the retail price of commercial LPG by roughly ₹200 per cylinder. The update described the cut as the second downward revision after LPG prices peaked during the West Asia crisis.
Oil marketing companies also increased the aviation turbine fuel (ATF/jet fuel) rate for domestic carriers by ₹5 per litre, taking the reported ATF price to ₹115 per litre. Oil marketing companies reported that domestic LPG prices remained unchanged in this cycle.
Oil marketing companies reported a decline in the price of a five-kg free-trade LPG cylinder mainly serving migrant workers, with the reported fall being about ₹46 per cylinder.
Background and earlier position: LPG peak during the West Asia crisis
The pricing narrative in the update links the current commercial LPG reduction to the West Asia crisis when LPG prices peaked. After that peak, oil marketing companies issued further revisions moving downward, with the current commercial LPG cut described as the second downward revision.
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