New Delhi, 1 December 2014

Price of non-subsidised cooking gas (LPG) has been cut by a steep Rs 113 per cylinder and that of jet fuel (ATF) by 4.1 per cent, oil companies announced today.

This is the fifth straight reduction in rates of non-subsidised or market priced LPG since August. The customers buy non-subsidised LPG after exhausting their quota of 12 cylinders at subsidised rates.

In five monthly reduction, non-domestic LPG rates have been slashed by Rs 170.5 per cylinder.

The three fuel retailers — IOC, Hindustan Petroleum Corp and Bharat Petroleum Corp — revise jet fuel and non-subsidised LPG prices on the first of every month, based on the average international prices in the preceding month.