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India cuts commercial LPG, aviation fuel prices as global crude eases

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State-run oil companies in India have reduced commercial LPG prices by Rs 183.5 per cylinder and aviation turbine fuel (ATF) prices by Rs 5, following a decline in global crude oil costs. The price relief comes after the reopening of the Strait of Hormuz helped ease international energy markets. However, domestic cooking gas (LPG) and petrol and diesel prices remain unchanged for now. Oil companies are continuing to absorb losses stemming from earlier purchases made when crude prices were higher. Airline passengers are also unlikely to see lower airfares in the near term due to persisting airspace disruptions.

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