Fuel prices ease from July 1; LPG, ATF rates reduced

Fuel consumers and businesses received some relief from falling international crude oil prices as prices of commercial LPG cylinders and aviation turbine fuel (ATF) were reduced from July 1, while petrol and diesel cuts remained limited to select private fuel outlets.The decline in global oil prices, following easing concerns over tensions in West Asia, prompted downward revisions across some fuel categories. However, the impact remains uneven, with household LPG users and most petrol-diesel consumers yet to see any major change.
According to agency reports,commercial LPG users, including hotels, restaurants and commercial establishments, benefited from the first price reduction of the year after Indian Oil Corporation lowered rates of 19 kg cylinders.The price cut varies across cities, ranging from around Rs173 to Rs183.50 per cylinder. In Delhi, the rate of a 19 kg commercial LPG cylinder has been reduced by Rs183.50, bringing the price down to around Rs2,930 from Rs3,113.50 earlier.Other cities also witnessed reductions, including Kolkata, where prices declined by around Rs174, while locations such as Chandigarh and Patna recorded cuts of around Rs181.50 and Rs173 respectively.Prices of smaller 5 kg commercial cylinders were also reduced, while rates of 14.2 kg domestic LPG cylinders used by households remained unchanged across major markets.

STORY | Commercial LPG price cut by Rs 183.50

Prices of commercial LPG, the one used in hotels and restaurants, were cut by Rs 183.50 per 19 kg cylinder on Wednesday—the first reduction in rates this year.

Commercial LPG now costs Rs 2,930 per 19-kg cylinder, oil companies… pic.twitter.com/8g2O157LGa

— Press Trust of India (@PTI_News) July 1, 2026

Meanwhile, airlines received some relief as ATF prices were lowered by Rs5 per litre. The reduction marks the first cut in jet fuel prices after a sharp rise triggered by the West Asia crisis, potentially easing operating costs for aviation companies.In the petrol and diesel segment, Nayara Energy announced reductions across its network, cutting petrol prices by Rs5 per litre and diesel rates by Rs3 per litre.The revised rates are applicable at Nayara’s fuel stations nationwide, although the final retail price differs between states due to variations in taxes and local charges.
The move comes after a prolonged period of stable fuel prices, with Nayara becoming the first major fuel retailer to announce a reduction in petrol and diesel rates in over two years.However, state-owned oil marketing companies, including Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited, have not revised retail fuel prices.

Nayara Energy cuts petrol prices by Rs 5, diesel by Rs 3 as crude oil eases

· India's largest private fuel retailer, Nayara Energy, on Wednesday reduced petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its nationwide retail network, which is the first… pic.twitter.com/DWzeFXtrq9

— IANS (@ians_india) July 1, 2026

Since public sector fuel companies account for the majority of India’s fuel retail network, most consumers continue to pay existing petrol and diesel rates.The latest price adjustments reflect the impact of softer global crude prices, though the extent of relief for consumers will depend on future international oil movements, currency fluctuations and domestic taxation policies.

(Business Correspondent)