Atf

Commercial LPG rates cut by ₹14.50, price of jet fuel cut by 4.4%

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

Trade body CTI urges Delhi CM to reduce VAT on aviation turbine fuel

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 ...

Kash Patel sworn in as acting ATF chief, days after joining as FBI director

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 will also be named acting head of ATF

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

Govt abolishes windfall tax on crude oil, ATF, petrol, and diesel exports

The govt has withdrawn the Road and Infrastructure Cess on petrol and diesel exports to ease financial pressure on the oil sector

Govt classifies blended ATF with 2% excise for regional flight operators

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

Commercial LPG rate up by Rs 6.5 per cylinder, jet fuel price hiked 2%

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

India's July diesel, ATF exports to S'pore, Australia to hit 2.5-yr high

Jump in middle distillates exports from swing supplier India to the Asia Pacific will likely cap prices and refiners' margins in the region

Reliance seeks access to ATF pipelines, storages of PSU oil firms

Reliance Industries Ltd has sought access to pipelines and storages that public sector oil companies have built over the years for supplying jet fuel (ATF) from depots and oil refineries to airports, as it looks for a larger pie of fuel trade at some of Asia's busiest airports. Reliance, which produces a fourth of India's aviation turbine fuel (ATF), wants access to storage depots outside the Delhi airport as well as to pipelines leading to Mumbai, Bengaluru, and Hyderabad airports. It currently supplies small volumes of ATF when compared with supplies made by state-owned firms. The firm made the suggestion in its comments to oil regulator PNGRB's draft regulation calling for supply of ATF in all existing and future airports through pipelines that can be accessed by any supplier so as to bring in competition and cut fuel cost. While the fuel market is open, airplanes at the country's busiest airports are fed by pipelines that were built by state-owned Indian Oil Corporation (IOC), .

PNGRB for open access ATF pipelines to cut fuel costs, boost competition

Oil regulator PNGRB has proposed supplying jet fuel or ATF in all existing and future airports through pipelines that can be accessed by any supplier so as to bring in competition and cut fuel cost. Currently, ATF is transported by road and rail network and only a limited number of airports are linked with pipelines. Even where pipelines are there, they are not on an open access basis which means only the company that has laid it can supply jet fuel to airlines. The Petroleum and Natural Gas Regulatory Board (PNGRB) has invited comments from the public and various stakeholders including oil marketing companies (OMCs), airport operators, and airlines operators for development of aviation turbine fuel (ATF) pipelines connecting various greenfield and brownfield existing and upcoming airports in India. "Pipelines are the cheapest mode of transport of liquid fuels with road transport being quite costly. And looking at the high share of ATF price in airline costs, provision of the pipeli

ATF consumption in Dec soars to 47-month high on back of domestic movements

Government data shows that domestic flights tend to dominate the use of ATF. Domestic aviation accounted for 74 per cent of consumption between April and November 2023

IndiGo removes surcharge after 3 months as aviation fuel prices decline

Country's biggest airline on October 5 imposed a surcharge of up to Rs 1,000 based on flight distance

India hikes windfall tax on crude oil, reduces tax on ATF and diesel

The tax, levied in the form of Special Additional Excise Duty (SAED), on domestically produced crude oil has been raised to Rs 2,300 from Rs 1,300 per tonne, according to an official notification

Govt cuts windfall tax on crude oil to Rs 1,300 from Rs 5,000 per tonne

The government on Monday cut the windfall profit tax on crude oil produced in the country and on exports of diesel. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil has been reduced to Rs 1,300 from Rs 5,000 per tonne, according to an official notification. SAED on the export of diesel has been reduced to Rs 0.50 a litre from Rs 1 per litre. However, the levy on export of jet fuel or ATF has been hiked to Rs 1 per litre from nil earlier. SAED on petrol will continue to be zero. The new tax rates will come into effect from Tuesday. India first imposed windfall profit taxes on July 1 last year, joining a growing number of nations that tax supernormal profits of energy companies. The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks.

Govt cuts windfall tax on crude to Rs 5,000/tonne, on ATF to Rs 1.06 l/kL

Centre had earlier reduced the windfall tax on diesel and crude oil on November 16

Govt cuts windfall tax on petroleum crude, will be effective from Oct 18

The government also cut windfall tax on aviation turbine fuel to 1 rupee per litre from 3.50 rupees per litre and reduced windfall tax on diesel to 4 rupees per litre from 5 rupees per litre

Fuel levy likely to pull in nearly Rs 100 crore per week for IndiGo

ATF costs are the largest expenditure for Indian carriers, consuming about 45 per cent of their overall revenue

Govt increases windfall tax on petroleum crude, cuts levy on diesel, ATF

The windfall tax on petroleum crude will be raised to 12,100 rupees ($145.65) per ton from 10,000 rupees ($120.37), effective Sept. 30

Govt cuts windfall tax on domestic crude, hikes levy on diesel, ATF export

The government on Friday cut special additional excise duty (SAED) on crude petroleum to Rs 6,700 per tonne with effect from September 2. In the last fortnightly review on August 14, windfall tax on domestically produced crude oil was set at Rs 7,100 per tonne. Besides, SAED or duty on export of diesel will increase to Rs 6 per litre from Rs 5.50 per litre, currently. The duty on jet fuel or ATF will be doubled to Rs 4 per litre effective Saturday, from Rs 2 per litre currently, according to a finance ministry notification. It said SAED on petrol will continue at nil. India first imposed windfall profit taxes on July 1, 2022.

Govt hikes windfall tax on domestic crude, diesel export, ATF from Aug 15

The government on Monday hiked special additional excise duty on crude petroleum to Rs 7,100 per tonne with effect from August 15. In the last fortnightly review, windfall tax on domestically produced crude oil was set at Rs 4,250 per tonne. Besides, the Special Additional Excise Duty (SAED) or duty on export of diesel will be hiked to Rs 5.50 per litre from Re 1 per litre at present. A duty of Rs 2 per litre will be imposed on jet fuel or ATF with effect from August 15. Currently, there is no SAED on the jet fuel. SAED on petrol will continue to be zero. India first imposed windfall profit taxes on July 1, 2022.