The Aviation Turbine Fuel price was today cut by 3.7 per cent, while subsidised LPG rate was hiked by 2 rupees 7 paise per cylinder. The ATF or jet fuel price was cut by 1,881 rupees per kilolitre to 48 thousand 379 rupees 63 paise per kilolitre in Delhi. The reduction comes after two rounds of hikes. Simultaneously, the rate of subsidised LPG rate was hiked and it will now cost 432 rupees 71 paise per 14.2-kg cylinder as against 430 rupees 64 paise previously. This is the seventh increase in price since July when the government decided to go in for a small hikes of up to 2 rupees per bottle every month to cut down its subsidy outgo.