This is the first reduction since October 6. Rates had gone up from ₹1,734 per 19-kg cylinder to ₹2,101 on December 1.
Halting a declining trend of last month, jet fuel or ATF price has been hiked by 2.75% on firming international oil prices, while cooking gas LPG rate has seen the first decline since October.
Aviation turbine fuel (ATF) price has been hiked by ₹2,039.63 per kilolitre, or 2.75%, to ₹76,062.04 per kl in the national capital, according to a price notification of state-owned fuel retailers.
The increase in rates comes on back of two rounds of price cuts seen in December that reflected a drop in international oil prices during the second half of November and mid-December.