New Delhi, July 1 -- Aviation Turbine Fuel (ATF) and commercial LPG prices were cut on Wednesday as easing tensions in West Asia pulled down international oil prices, while private fuel retailer Nayara Energy lowered petrol and diesel prices, becoming the first retailer in more than two years to reduce pump rates.
ATF prices were reduced by about Rs 5 per litre, bringing the price in Delhi to around Rs 110 per litre, industry sources said. The reduction is the first since the recent spike triggered by the West Asia conflict.
Oil marketing companies also cut the price of commercial LPG by Rs 183.50 per 19-kg cylinder, the first reduction this year.
Commercial LPG will now cost Rs 2,930 per cylinder after touching a record Rs 3,113 last mo...