Jet fuel prices (ATF) have been cut by 11.7 per cent and rates of non-subsidised cooking gas (LPG) by Rs 25.50 per cylinder on Tuesday. This move comes a day after reduction in prices of Petrol and Diesel.
Petrol price was on Monday cut by Rs 2 per litre and diesel by Rs 0.50 a litre,
the third reduction in rates this month on fall in global oil rates.
The new rates will be effective from August 1, said Indian Oil Corp (IOC), the nation's largest fuel retailer.
Price of petrol in Delhi has been cut by Rs 2 per litre, including local levies, and will cost Rs 61.20 per litre from Tuesday as against Rs 63.20 currently.
A litre of diesel will cost Rs 44.45 as compared to Rs 44.95 currently.
Oil firms had last cut petrol price by Rs 1.27 a litre and diesel by Rs 1.17 per litre with effect from August 15. Prior to that, rates of petrol were cut on August 1 by Rs 2.43
a litre and that of diesel by Rs 3.60.