<p>Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oil prices but petrol and diesel rates remained on freeze for a record eighth month in running.</p>.<p>Aviation Turbine Fuel (ATF) price was cut by Rs 2,775 per kilolitre, or 2.3 per cent, to Rs 1,17,587.64 per kl in the national capital, according to a price notification of state-owned fuel retailers.</p>.<p>The rate reduction, which will provide relief to airlines for whom fuel makes for almost 40 per cent of the operating cost, comes on the back of a Rs 4,842.37 per kl, or 4.19 per cent, reduction last month.</p>.<p>ATF price is revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates.</p>.<p>Petrol and diesel prices, however, continued to remain on freeze for a record eighth month in a row. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.</p>.<p>State-owned fuel retailers are supposed to revise petrol and diesel prices daily based on a 15-day rolling average of benchmark international fuel prices but they haven't done that since April 6.</p>.<p>Prices were last changed on May 22 when the government cut excise duty to give relief to consumers from a spike in retail rates that followed a surge in international oil prices.</p>.<p>Also, after seven reductions, the price of commercial LPG, whose rate too is revised on the 1st of every month, remained unchanged on Thursday.</p>.<p>A 19-kg commercial LPG cylinder, which is used by hotels, restaurants and other business establishments, continues to cost Rs 1,744 in the national capital.</p>.<p>In seven cuts, rates had previously come down by Rs 610 per 19-kg cylinder.</p>.<p>However, rate of LPG used in household kitchens remained unchanged at Rs 1,053 per 14.2-kg cylinder.</p>.<p>Rates differ from state to state depending on the incidence of local taxes.</p>
<p>Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oil prices but petrol and diesel rates remained on freeze for a record eighth month in running.</p>.<p>Aviation Turbine Fuel (ATF) price was cut by Rs 2,775 per kilolitre, or 2.3 per cent, to Rs 1,17,587.64 per kl in the national capital, according to a price notification of state-owned fuel retailers.</p>.<p>The rate reduction, which will provide relief to airlines for whom fuel makes for almost 40 per cent of the operating cost, comes on the back of a Rs 4,842.37 per kl, or 4.19 per cent, reduction last month.</p>.<p>ATF price is revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates.</p>.<p>Petrol and diesel prices, however, continued to remain on freeze for a record eighth month in a row. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62.</p>.<p>State-owned fuel retailers are supposed to revise petrol and diesel prices daily based on a 15-day rolling average of benchmark international fuel prices but they haven't done that since April 6.</p>.<p>Prices were last changed on May 22 when the government cut excise duty to give relief to consumers from a spike in retail rates that followed a surge in international oil prices.</p>.<p>Also, after seven reductions, the price of commercial LPG, whose rate too is revised on the 1st of every month, remained unchanged on Thursday.</p>.<p>A 19-kg commercial LPG cylinder, which is used by hotels, restaurants and other business establishments, continues to cost Rs 1,744 in the national capital.</p>.<p>In seven cuts, rates had previously come down by Rs 610 per 19-kg cylinder.</p>.<p>However, rate of LPG used in household kitchens remained unchanged at Rs 1,053 per 14.2-kg cylinder.</p>.<p>Rates differ from state to state depending on the incidence of local taxes.</p>