A drop in global crude prices and the reopening of the Strait of Hormuz have eased severe supply concerns.
Price of commercial LPG cylinders and aviation turbine fuel (ATF) has been cut by Rs 183.50 and Rs 5 per litre respectively, while households still have to wait.
Both commercial LPG and ATF prices are revised on the first day of every month. However, domestic rates are influenced by government policy in addition to international benchmark rates.