ATF, commercial LPG prices cut as global crude cost eases

Commercial LPG and aviation fuel prices have seen a significant drop, with state-run companies cutting prices by Rs 183.5 and Rs 5 respectively. This easing follows a decline in global crude prices and the reopening of the Strait of Hormuz. However, domestic LPG and petrol/diesel prices remain unchanged, as oil companies continue to absorb losses…

Commercial LPG and aviation fuel prices have seen a significant drop, with state-run companies cutting prices by Rs 183.5 and Rs 5 respectively. This easing follows a decline in global crude prices and the reopening of the Strait of Hormuz. However, domestic LPG and petrol/diesel prices remain unchanged, as oil companies continue to absorb losses from earlier elevated crude bookings. Airfare relief is also unlikely due to ongoing airspace issues.

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