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ATF price cut by 4%; commercial LPG rate reduced marginally by Rs 1.5 per cylinder

ATF price cut by 4%; commercial LPG rate reduced marginally by Rs 1.5 per cylinder

Mon, Jan 01, 2024

The reduction in the price of jet fuel, which makes up for 40 per cent of an airline's operating cost, will ease the burden on already financially strained airlines.

Windfall profit tax on diesel exports, crude oil cut

Windfall profit tax on diesel exports, crude oil cut

Tue, Dec 19, 2023

India first imposed windfall profit taxes on July 1 last year, joining a growing number of nations that tax supernormal profits of energy companies.

Aapki Khabar Aapka Fayda: Jet fuel prices increased due to fuel charge

Aapki Khabar Aapka Fayda: Jet fuel prices increased due to fuel charge

Fri, Oct 06, 2023

ATF Prices: From October 6, Indigo has started charging on fuel, Indigo has increased the fare by ₹ 300-1000 and SpiceJet can also impose its own fuel charge.

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Govt hikes windfall tax on domestic crude, cuts levy on export of diesel, jet fuel

Govt hikes windfall tax on domestic crude, cuts levy on export of diesel, jet fuel

Sat, Sep 16, 2023

The government hiked special additional excise duty (SAED) on crude petroleum to Rs 10,000 per tonne with effect from September 16.

ATF prices hiked from today; check out the new rates here

ATF prices hiked from today; check out the new rates here

Fri, Sep 01, 2023

State-run oil marketing companies raised the prices of aviation turbine fuel (ATF) with effect from September 1.

Jet fuel price cut, effective today; can flight tickets be cheaper ahead of holidays?

Jet fuel price cut, effective today; can flight tickets be cheaper ahead of holidays?

Sat, Apr 01, 2023

Jet fuel price: After the latest revision, airlines will have to pay Rs 98,349.59 per kilolitre for jet fuel in New Delhi, instead of the earlier Rs 1,07,750.27 per kilolitre, according to price notification by Indian Oil Corporation (IOC).

Govt cuts windfall tax on export of diesel by Rs 0.50 per litre and nil on air turbine fuel

Govt cuts windfall tax on export of diesel by Rs 0.50 per litre and nil on air turbine fuel

Sat, Mar 04, 2023

Windfall Tax: The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has hiked to Rs 4,400 per tonne from Rs 4,350 per tonne, the order dated March 3 said.

Aviation stocks in focus on Wednesday as jet fuel price cut by 4%; here’s what analysts suggest

Aviation stocks in focus on Wednesday as jet fuel price cut by 4%; here’s what analysts suggest

Wed, Mar 01, 2023

Aviation stocks such as IndiGo, SpiceJet and Jet Airways were in focus on Wednesday on the back of jet fuel or Air Turbine Fuel (ATF) price cut by 4 per cent amid softening international crude oil prices.

ATF Price Cut: Jet fuel prices cut by THIS MUCH from Dec 1 --Check Details Here

ATF Price Cut: Jet fuel prices cut by THIS MUCH from Dec 1 --Check Details Here

Thu, Dec 01, 2022

There is a piece of relief for airlines as Oil Marketing Companies have slashed the ATF prices. Indian Oil Corporation released revised rates on December 1.

Govt slashes windfall profit tax on locally produced crude oil cut; levy on export of diesel, jet fuel hiked

Govt slashes windfall profit tax on locally produced crude oil cut; levy on export of diesel, jet fuel hiked

Tue, Nov 01, 2022

In the fortnightly revision of windfall tax, the government hiked the rate on export of diesel to Rs 13 per litre from Rs 12 per litre.

Air travel to become dearer as ATF price hiked by 4%

Air travel to become dearer as ATF price hiked by 4%

Tue, Nov 01, 2022

Aviation turbine fuel (ATF) price was hiked by Rs 4,842.37 per kilolitre, or 4.19 per cent, to Rs 120,362.64 per kl in the national capital, according to a price notification of state-owned fuel retailers.

Centre urges states to reduce tax on jet fuel

Centre urges states to reduce tax on jet fuel

Tue, Oct 18, 2022

Scindia said that Value Added Tax (VAT) on jet fuel is still high in eight states and Union Territories in the range of 20-30 per cent and urged them to reduce the rate.

Jet Airways in advanced talks for leasing planes; expects to start operations in coming weeks

Jet Airways in advanced talks for leasing planes; expects to start operations in coming weeks

Tue, Sep 27, 2022

Jet Airways is in an advanced stage of talks with aircraft makers and lessors to lease planes and expects to restart operations in the coming weeks, according to executives at the airline.

Energy stocks fall sharply after govt hikes windfall profit tax on diesel, jet fuel export

Energy stocks fall sharply after govt hikes windfall profit tax on diesel, jet fuel export

Thu, Sep 01, 2022

Shares of Chennai Petro, Adani Total Gas, ONGC, Asian Energy and Reliance were trading more than 1.5 per cent to 4 per cent lower during early trade.

Windfall profit tax on export of diesel, jet fuel hiked; slashed on domestic crude oil

Windfall profit tax on export of diesel, jet fuel hiked; slashed on domestic crude oil

Fri, Aug 19, 2022

This is the third time when the government has reviewed windfall tax. Earlier this month, the government had scrapped the windfall profit tax on ATF exports.

Air travel likely to get cheaper as jet fuel rates cut by whopping 12%

Air travel likely to get cheaper as jet fuel rates cut by whopping 12%

Mon, Aug 01, 2022

This is the third time when ATF prices have been reduced this year. Earlier on July 16, ATF prices were cut by 2.2 percent to Rs 138,147.93 per kl following softening in international oil prices. In June as well, jet fuel prices were slashed by 1.3 percent -this was the first reduction after 10 rounds of hikes.

India’s fuel sales decline in April so far on record high prices, data shows

India’s fuel sales decline in April so far on record high prices, data shows

Sat, Apr 16, 2022

India's fuel sales fell in the first half of April as a record rise in prices in a short 16-day period dented demand, preliminary industry data showed on Saturday.

Aviation Turbine Fuel price hiked marginally by 0.2%, rates at record high

Aviation Turbine Fuel price hiked marginally by 0.2%, rates at record high

Sat, Apr 16, 2022

Jet fuel prices on Saturday were hiked by a marginal 0.2 per cent -- the eighth straight increase this year -- to an all-time high, reflecting a surge in global energy prices.

ATF price hiked by steepest ever 18 percent to all-time high

ATF price hiked by steepest ever 18 percent to all-time high

Wed, Mar 16, 2022

Jet fuel prices on Wednesday were hiked by over 18 percent - the steepest ever increase - to all-time high levels after international oil price surged to a multi-year high.

Asia jet fuel cash discounts narrow, market eyes winter demand

Asia jet fuel cash discounts narrow, market eyes winter demand

Wed, Dec 26, 2018

Asia`s cash discounts for jet fuel narrowed by a cent on Wednesday but remained near this year`s weakest levels of cash differentials amid a lingering supply glut, while the front-month spread shrunk its contango structure.

Indian Air Force flies first military plane with bio-jet fuel

Indian Air Force flies first military plane with bio-jet fuel

Mon, Dec 17, 2018

"The IAF carried out extensive engine tests on the ground. This is now followed by flight trials using 10 per cent bio-jet blended ATF. This fuel is made from Jatropha oil sourced from Chattisgarh Biodiesel Development Authority (CBDA) and then processed at CSIR-IIP, Dehradun," the IAF said in a statement.

Oil & gas industry seeks infra status, lower taxes in Budget

Oil & gas industry seeks infra status, lower taxes in Budget

Thu, Jan 25, 2018

The oil and gas industry has sought infrastructure status for the exploration and production sector as also lowering of taxes on locally produced oil to boost domestic output and cut import dependence.

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