Overview

• Oil marketing companies have reduced the price of a 19 kg commercial LPG cylinder by ₹24 to ₹1,723.50 in Delhi, marking the third straight monthly cut effective June 1
• Aviation turbine fuel rates have been trimmed by ₹2,414.25 per kilolitre to ₹83,072.55 in Delhi as of June 1, providing relief to airlines
• The administered price for domestically produced natural gas has fallen to $6.41 per million British thermal units for June, down from $6.93 in May, under the Oil Ministry’s monthly pricing formula
• Domestic LPG cylinders for households remain at ₹853 per 14.2 kg unit and petrol and diesel prices stay frozen since the ₹2 per litre cut in March 2024
• These adjustments reflect global crude oil averaging about $64 per barrel in May and follow India’s policy linking domestic gas rates to 10 percent of the Indian crude basket