Jet fuel, or aviation turbine fuel (ATF), prices were cut by nearly Rs 5 per litre on Wednesday, tracking a decline in international crude oil prices, as per PTI.State-owned fuel retailers reduced the price of ATF by Rs 5 per litre, taking the rate in Delhi to about Rs 110 per litre, according to the latest price notification.The reduction comes after international oil prices softened in recent weeks following easing geopolitical tensions in West Asia and improved supply expectations, providing relief to airlines for which fuel accounts for the single-largest operating expense.The latest revision is expected to lower operating costs for domestic carriers, although the extent of the benefit will depend on airlines' fuel procurement and hedging strategies.ATF prices are revised on the first day of every month based on the average international benchmark prices and the prevailing rupee-dollar exchange rate.Also Read: LPG Cylinder Price: Commercial LPG down Rs 183.50 from July 1, first cut in 2026Earlier on Wednesday, oil marketing companies cut the price of a 19-kg commercial LPG cylinder by Rs 183.50 with effect from July 1, marking the first reduction in commercial LPG rates this year. Domestic LPG cylinder prices were left unchanged. The revisions followed a decline in global crude oil prices after easing geopolitical tensions in West Asia.Meanwhile on Tuesday, the Centre revised export duties on petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning July 1, while leaving excise duty on petrol and diesel sold in the domestic market unchanged.Under the revised rates, the export duty has been fixed at Rs 4 per litre on petrol, Rs 8.5 per litre on diesel and Rs 7.5 per litre on ATF. The changes, notified by the Ministry of Finance, are part of the government's fortnightly review of export levies based on trends in international crude oil and refined fuel prices.The export duty mechanism was introduced earlier this year to ensure adequate domestic availability of petroleum products by discouraging exports during periods of elevated global prices and geopolitical uncertainty. The latest review also expanded exemptions from these duties for exports by state-run oil companies to Mauritius and the Maldives, in addition to Nepal, Bhutan, Bangladesh and Sri Lanka.Also Read: India cuts windfall tax on diesel, raises petrol tax from JulyThe notifications do not affect excise duty on petrol and diesel sold within India, meaning retail fuel prices remain unchanged. Later in the day, state-run fuel retailers also cut aviation turbine fuel prices by around Rs 5 per litre and reduced the price of a 19-kg commercial LPG cylinder by Rs 183.50, reflecting softer international oil prices.