ATF

The government has increased export duties on diesel and aviation turbine fuel to discourage exports and ensure adequate domestic supplies amid the ongoing West Asia conflict

Domestic airlines will be able to buy aviation turbine fuel (ATF) at a fixed price of Rs 86.32 per litre for up to three years under a new government-backed price stabilisation scheme aimed at shielding carriers and passengers from a surge in global fuel costs. Under the voluntary scheme, participating airlines will pay the fixed free-on-board (FOB) benchmark price plus airport charges, oil company margins and applicable taxes, taking the effective selling price to about Rs 115 per litre in Delhi, Rs 114.5 in Mumbai and Rs 139 in Chennai, according to government officials. The benchmark compares with the current effective ATF price of about Rs 105 per litre in Delhi, which has remained frozen for more than two months after the government allowed only a partial pass-through of soaring global fuel costs triggered by the outbreak of the West Asia conflict in late February. While participating airlines will pay the fixed price, those not opting for the scheme will be charged prevailing

OMCs will be compensated for losses arising from elevated international ATF prices whenever the prevailing import parity price exceeds a benchmark price determined by the government

The decision has been take to to ensure stability in the domestic fuel market, said Russia government

Experts said lower ATF taxes at India's two biggest aviation hubs could improve airline operating economics and margins, though passengers may not see meaningful fare cuts immediately

The reduction comes against the backdrop of uncertainty in global fuel supplies linked to the ongoing conflict in West Asia

There is no change in excise duty on petrol and diesel meant for domestic consumption

India has expanded ATF norms to allow blending with synthetic hydrocarbons, supporting alternate fuels and reducing reliance on crude imports amid energy concerns

The change allows for the inclusion of alternative and synthesised components within the fuel mix

Government reduces landing and parking charges by 25 per cent for three months to ease airline cost pressures amid rising fuel prices and disruptions

Nomura believes oil marketing companies (OMCs) are likely to face margin pressure after the government raised prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG)

Jet fuel prices were partially raised to cushion domestic travellers despite global surge, while commercial LPG prices were hiked and domestic rates kept unchanged

Ministers say decision aims to cushion consumers and support oil marketing companies as crude prices surge amid Iran War

The price of commercial LPG used in hotels and restaurants was lowered by ₹14.50 per cylinder today

The Chamber of Trade and Industry (CTI) on Monday wrote a letter to Delhi Chief Minister Rekha Gupta, urging a reduction in Value Added Tax (VAT)on Aviation Turbine Fuel (ATF) to prevent a shift of air passengers to Noida's Jewar Airport. CTI Chairman Brijesh Goyal said the high VAT on ATF in Delhi is making flight operations costlier, which could lead airlines to prefer Jewar Airport in Uttar Pradesh. He said, "While Delhi levies a 25 per cent VAT on ATF, Uttar Pradesh reduced its tax from 21 per cent to just 1 per cent in December 2024." CTI General Secretary Gurmeet Arora emphasised that the lower tax in UP will significantly reduce operational costs for airlines, potentially leading to lower airfares at Jewar Airport compared to Delhi's Indira Gandhi International Airport. He said this price gap could result in a shift of air travellers to the new airport. The CTI added that if VAT on ATF in Delhi is reduced, airlines will face pressure to lower ticket prices, benefiting ...

New FBI Director Kash Patel was sworn in Monday as acting chief of the Bureau of Alcohol, Tobacco, Firearms and Explosives, taking the helm of two separate and sprawling Justice Department agencies, according to a person familiar with the matter. Patel was sworn in at ATF headquarters just days after he became director of the FBI, said the person who spoke on the condition of anonymity because they were not authorised to discuss the matter. It's not immediately clear if President Donald Trump intends to nominate Patel for the ATF post, or what the administration's plans are for the agency that has long been the target of Republicans. Justice Department and White House officials didn't immediately respond to a request for comment. With about 5,500 employees, the ATF is responsible for enforcing the nation's laws around firearms, explosives and arson. Among other things, it's in charge of licensing federal firearms dealers, tracing guns used in crimes and analysing intelligence in ...

New FBI Director Kash Patel is expected to be named the acting head of the Bureau of Alcohol, Tobacco, Firearms and Explosives, a Justice Department official said Saturday. Patel could be sworn in next week, the official said, putting Patel in charge of two of the Justice Department's largest agencies in an unusual arrangement that raises questions about the future of the bureau that has long drawn the ire of conservatives. The Justice Department official spoke on the condition of anonymity to discuss the move before it's announced publicly. White House officials didn't immediately respond to a request for comment Saturday evening. Patel was sworn in Friday as FBI director after winning Senate approval despite Democrats' concerns about the steadfast Trump ally's plans to radically overhaul the FBI. ATF is a separate agency with about 5,500 employees and is responsible for enforcing the nation's laws around firearms, explosives and arson. Among other things, it's in charge of licens

The govt has withdrawn the Road and Infrastructure Cess on petrol and diesel exports to ease financial pressure on the oil sector

The Centre levies a 2% excise duty on blended ATF for regional flights under a new category in the Central Excise Act; aviation sector urges incentives over cost concerns for voluntary adoption

Jet fuel, or ATF price, on Thursday was hiked 2 per cent and the rate of commercial LPG used by hotels and restaurants by Rs 6.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. Aviation turbine fuel (ATF) price was hiked Rs 1,827.34 per kilolitre, or 1.9 per cent, to Rs 97,975.72 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is second straight monthly increase in jet fuel rates. ATF prices were on July 1 hiked by 1.2 per cent (Rs 1,179.37 per kl). That increase followed a steep 6.5 per cent (Rs 6,673.87 per kl) reduction effected on June 1. The ATF rate in Mumbai was increased to Rs 91,650.34 per kl on Thursday from Rs 89,908.31 previously. Prices differ from state to state depending on the incidence of local taxes. Alongside, oil firms increased the price of commercial LPG by Rs 6.5 to Rs 1,652.50 per 19-kg cylinder. The increase follows four monthly price reductions, the last on