Logo

IANS

Govt caps ATF price at Rs 75.60 per litre; approves Rs 10,000 crore funds for OMCs to support domestic airlines

High fuel prices, depreciation of rupee to hamper margins in aviation sector

Even as the recovery in the aviation sector has been highly impressive with stable traffic at around 90 per cent of pre-Covid levels, Brokerage firm Prabhdas Lilladhar has said the domestic passenger traffic is likely to decline nearly 8-9 per cent QoQ, led by the seasonal nature of Indian aviation industry.

Oil prices rise as OPEC+ agrees to large output cut

Oil prices rise as OPEC+ agrees to large output cut

The West Texas Intermediate for November delivery increased 1.24 US dollars, or 1.4 per cent, to settle at 87.76 dollars a barrel on the New York Mercantile Exchange. Brent crude for December delivery added 1.57 dollars, or 1.7 per cent, to settle at 93.37 dollars a barrel on the London ICE Futures Exchange.