ATF prices for international airlines cut by 27%, domestic unchanged
In a significant relief to the overseas carriers, the Aviation Turbine Fuel (ATF) prices for international airlines were cut by 27 per cent in monthly revision on Monday.
In a significant relief to the overseas carriers, the Aviation Turbine Fuel (ATF) prices for international airlines were cut by 27 per cent in monthly revision on Monday.
The Delhi government, led by Chief Minister Rekha Gupta, has reduced the Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) from 25 per cent to 7 per cent.
The Indian airlines have asked the government for urgent help in view of the rising aviation turbine fuel (ATF) prices, and said the industry is under extreme stress and are on verge of closing down or stopping its operations.
IndiGo on Wednesday announced that it will start levying revised fuel charges ranging from Rs 275 to Rs 10,000 on domestic and international flights from 2 April, following the rise in jet fuel prices.
The Ministry of Petroleum and Natural Gas on Wednesday announced a calibrated 25 per cent increase in Aviation Turbine Fuel (ATF) prices for domestic scheduled carriers, a move welcomed by the Indian aviation industry amid global energy market disruptions due to the West Asia situation.
The prices of aviation turbine fuel (ATF), or jet fuel, have seen a spike, though not as steep as reported earlier, following a clarification from Indian Oil Corporation.
In a mixed development for fuel consumers, state-owned oil marketing companies have reduced the price of 19 kg commercial LPG gas cylinders by Rs 58.50, while simultaneously hiking the price of aviation turbine fuel (ATF) by 7.5 per cent, effective July 1.
The move marks the end of a levy introduced in July 2022, and is set to bring relief to oil conglomerates Reliance and ONGC, as their gross refining margins may get a lift.
Darjeeling MP Raju Bista on Saturday criticised the West Bengal government's decision to impose a 12.5 per cent value-added tax (VAT) on air turbine fuel (ATF) at Bagdogra airport, warning it poses a significant threat to the aviation industry's recovery.
Low-cost airline SpiceJet Ltd on Monday reported a consolidated net profit of Rs 127 crore for their January-March quarter of 2023-24 compared to a net loss of Rs 6.22 crore in the same quarter of the previous year.
