Diabytes
ATF News
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The government has reduced the windfall tax on domestically-produced crude oil to Rs 5,700 per tonne from Rs 5,700 which is effective from June 1, 2024.
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To put a more sustainable fuel solutions to use, Indian Air Force has decided to fly Dornier 228 aircrafts in the tangail formation on the Republic Day using a blend of biofuel of aviation turbine fuel.
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IndiGo, a major Indian airline, halts fuel charge collection on tickets after a surge in jet fuel prices, effective three months post introduction.
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CM Mamata tweeted, "Bengal govt has been proactive in slashing all levies to bring down airfares, while GoI is preaching free sermons without practising them."
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Oil marketing companies on February 16 increased the ATF
Hike is expected to impact aviation companies' finances
India has world's highest rates of taxation on the ATF
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Aviation Turbine Fuel prices hiked in India
IOC also announces new prices for ATF
Airfare may increase following the announcement
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The price of ATF is a major component of the operating cost of airlines with that, the tax on ATF contributes significantly to the ATF price.
Addressing this issue would enable a force multiplier effect with regard to air connectivity in states.
The aviation sector has a high output multiplier of 3.25 and employment multiplier of 6.1.
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Petrol price in Delhi was hiked to Rs 71.86 per litre from Rs 71.26 a litre till Saturday, while diesel rates were increased to Rs 69.99 per litre from Rs 69.39.
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Jet fuel price Tuesday was cut by a record 14.7 percent on the back of decline in international rates, making it cheaper than both petrol and diesel.
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This comes as a relief to the aviation industry that has been hit hard by high fuel prices.
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Supply had been cut due to erratic payments from Air India towards ATF bill.
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It is learnt that supply of ATF has been suspended for Air India's domestic flights.
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Aviation turbine fuel (ATF) price was raised by Rs 4,688 per kilolitre, or 7.17 per cent, to Rs 70,028 per kl in Delhi, according to state-owned oil firms.
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The price of non-subsidised LPG or market-priced cooking gas has also been hiked by Rs 73.5 to Rs 597.50 per bottle.
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Air travel from Delhi to remote areas will be cheaper with the AAP government on Wednesday announcing slashing of VAT on Air Turbine Fuel (ATF) from existing 25 percent to one percent to compliment the Centre's regional connectivity scheme (RCS).
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BP will soon start local sales of aviation turbine fuel.
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With the Government affecting a steep over nine percent hike in aviation turbine fuel (ATF), airlines may increase the price of tickets.
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Diesel prices in major Indian cities after latest hike!
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Petrol prices in major Indian cities after latest hike!
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