Jet fuel prices slashed by 7% on softening international oil prices

Price of commercial LPG, which is used by business establishments like hotels and restaurants, on Thursday was cut by Rs 83.5 per 19-kg cylinder -- the third straight monthly reduction, while rates of jet fuel (ATF) were slashed by 7 per cent on softening international oil prices.

A 19-kg commercial LPG now costs Rs 1,773 in the national capital, down from Rs Rs 1,856.5, according to price notification from state-owned fuel retailers.

This is the third straight monthly reduction in commercial LPG prices.

Rates were cut by Rs 91.5 per 19-kg cylinder on April 1, and by a steep Rs 171.5 on May 1.

The three reductions have almost wiped out the Rs 350.5 per cylinder hike in prices effected from March 1.

The price of domestic LPG -- the one households use in the kitchen for cooking purposes -- remained unchanged at Rs 1,103 per 14.2-kg cylinder in the national capital.

Domestic LPG rates were last changed on March 1, when they were hiked by Rs 50 per cylinder.

State-owned Indian Oil .