Jet fuel News
Aviation fuel is a blend of synthetic fuel and petroleum, powers airplanes and comes in different variants based on aircraft engine requirements.
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.
Govt cuts windfall profit tax on domestic crude oil and diesel on Saturday.
It also scrapes the levy on the export of jet fuel from Oct 2.
India first imposed windfall profit taxes on July 1, 2022.
Air fares have risen by around 20-25 percent on most domestic routes
ATF prices being hiked to over Rs 1 lakh per kilolitre
he current hike in ATF prices is due to high crude oil cost which has been rising due to geo-political tensions
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
On May 3, aviation turbine fuel price was cut by Rs 6,812.62 per kilolitre, or 23.2 per cent, to Rs 22,544.75 per kl in the national capital, according to a price notification by state-owned oil marketing companies.
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.
BP will soon start local sales of aviation turbine fuel.
Indian Oil Corp (IOC) is seeking a total of 15,500 tonnes of jet fuel and superior kerosene for June 15-17 arrival at Chennai and Vasco in Goa, likely the third time this year the state-owned refiner is looking to import middle distillates.
BP Exploration (Alpha) Ltd, a wholly owned subsidiary of BP plc, had on June 11, 2014 submitted an application for authorisation to market aviation turbine fuel (ATF) claiming to have invested USD 477 million in the country.
Consumption of aviation fuel is set to rise in India as domestic air traffic is estimated to almost triple this decade, with more of the country`s 1.25 billion people starting to fly and as airlines connect smaller cities.
While jet fuel (ATF) in Delhi costs Rs 46,513.03 per kilolitre or Rs 46.51 per litre, petrol is priced at Rs 57.31 a litre. Diesel costs Rs 46.62 a litre.
The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was cut by Rs 5,909.9 per kilolitre, or 11.27 percent, to Rs 46,513.02 per kl, oil companies announced on Sunday.
A litre of petrol in Delhi costs Rs 58.91 per litre. On the other hand, Aviation Turbine Fuel (ATF), which has a higher octane than petrol and is a heavier fraction in the distillation process, is priced at Rs 52.42 a litre.
RIL has agreed to sell 500 ppm sulphur diesel at a premium of about $1.30 a barrel.
Jet fuel (ATF) price was on Thursday cut by a steep 12.5 percent and non-subsidised domestic cooking gas (LPG) by Rs 43.50 per cylinder as international oil prices slumped to five-year lows.
Jet fuel (ATF) rates were Thursday slashed by a steep 12.5 percent, the sixth straight reduction in prices since August, as international oil prices slumped to five-year low levels.
The company powered its ecoDemonstrator 787 flight test airplane on December 2 with a blend of 15 percent green diesel and 85 percent petroleum jet fuel in the left engine.
A 14.2-kg cylinder of non-subsidised LPG will now cost Rs 752, down from Rs 865 previously, in Delhi, oil companies announced on Monday.
The price of aviation turbine fuel (ATF), or jet fuel, at Delhi was cut by Rs 4,987.7 per kilolitre, or 7.3 per cent, to Rs 62,537.93 per kl, oil companies announced today.
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