Atf Price

Airlines warn govt of route cuts as soaring ATF costs squeeze finances

Airlines seek changes in ATF pricing and taxes, lower state VAT and extended relief on airport charges as the West Asia conflict drives up operating costs

Federation of Indian Airlines seeks review of existing ATF pricing formula

The Federation of Indian Airlines (FIA) is seeking a review of the existing jet fuel pricing formula, and said domestic ATF should be priced on the actual cost of fuel plus a reasonable margin rather than international benchmark pricing. The unprecedented increase in fuel costs, compounded by geopolitical disruptions and rupee depreciation, is placing significant pressure on airline cash flows and viability, it said. In a letter to the Civil Aviation Ministry late last month, FIA also said that "if timely relief is not available, the airlines may be compelled to withdraw from several unsustainable routes." Air India, IndiGo and SpiceJet are the members of FIA. From around 30-40 per cent, airlines' operating costs have increased to around 55-60 per cent under the prevailing circumstances, out of which ATF remains the single largest variable cost, it said. The current conflict (West Asia) has pushed the Brent Crude from USD 72 / BBL to USD 118 / BBL, and the resultant ATF price (MOP

Govt in talks with airlines, OMCs over high ATF prices: Aviation minister

Civil Aviation Minister K Rammohan Naidu on Tuesday said the ministry is in discussions with airlines and oil marketing companies on high jet fuel prices due to the West Asia crisis. Airlines are facing headwinds due to the rising prices of Aviation Turbine Fuel (ATF), which accounts for around 40 per cent of a carrier's operational costs. "One of the most important things is how the West Asia crisis is putting a big burden on ATF prices. We are in discussions with airlines and OMCs (Oil Marketing Companies)," Naidu said on the sidelines of a conference in the national capital on Tuesday. On Monday, the country's largest airline IndiGo announced a hike in fuel surcharge for domestic and international flights in the wake of rising jet fuel prices. IndiGo had said ATF prices have remained volatile in recent months, especially following the geopolitical situation in the Middle East. According to the airline, the continuous rise in fuel prices, with the latest month-on-month increase

IndiGo raises fuel surcharge on domestic, int'l flights as ATF rises

IndiGo has raised fuel charges on domestic and international flights as ATF prices climb, with domestic charges now ranging from ₹375 to ₹1,300 based on distance

Commercial LPG price up ₹62.50, ATF rises ₹16/litre from October 1

Domestic LPG prices remain unchanged, while the government has cut windfall taxes on diesel and ATF exports for the fortnight ending October 15

ATF prices increased by around ₹16 per litre; commercial LPG rises ₹62.50

Aviation turbine fuel (ATF) prices were raised by a steep Rs 16 per litre from Thursday, while the price of commercial LPG was increased by Rs 62.50 per 19-kg cylinder in step with firming international benchmarks, according to state-owned oil companies. ATF prices were increased to Rs 137 per litre from Rs 121 for domestic airlines, according to the oil companies. The latest revision comes after ATF prices were raised by Rs 6.28 per litre, or 5.46 per cent, in September, following a Rs 5 per litre increase in August. ATF accounts for up to 40 per cent of operating costs for airlines, making fuel prices a key cost factor for carriers. Alongside, commercial LPG rates were hiked by Rs 62.59 per 19-kg cylinder. Commercial LPG prices were raised by Rs 9.50 per 19-kg cylinder in September, following two consecutive monthly reductions of Rs 192 in August and Rs 183.50 in July. The cuts came after commercial LPG prices had surged to a record high in June amid disruptions to global energy

India cuts windfall tax on export of petrol, diesel, and aviation fuel

Export duty on diesel has been reduced to ₹20 per litre from ₹25, while levies on petrol have been cut to ₹0.5 from ₹1.5 per litre, respectively

ATF price up 5.46%, commercial LPG rates of 19 kg cylinder hiked by ₹9.50

Aviation turbine fuel (ATF) prices on Tuesday were hiked by 5.46 per cent, while the price of commercial LPG, used by establishments such as hotels and restaurants, was raised by Rs 9.50 per 19-kg cylinder, in line with a rise in their international benchmarks. The price of Jet fuel or ATF has been raised by Rs 6.28 per litre, or 5.46 per cent, to Rs 121.28 per litre for domestic airlines, according to state-owned oil firms. The increase comes on the back of a Rs 5 a litre rise in rates on August 1. The two increases will add to the financial burden of airlines, for whom ATF makes up to 40 per cent of operating costs. Commercial LPG prices have increased from Rs 2,738 per 19-kg cylinder to Rs 2,747.50. The price of the 5-kg market-priced cooking gas LPG cylinder, called 5-kg FTL, has also been increased from Rs 762 to Rs 764. The rate hike follows two straight monthly reductions - a steep Rs 192 per 19-kg cylinder cut on August 1 and a Rs 183.5 cut on July 1. The two reductions in

ATF price slashed by ₹5/litre to ₹110 as global oil prices soften

Jet fuel or ATF price was cut by Rs 5 per litre on Wednesday on softening international oil prices. Aviation turbine fuel (ATF) now costs Rs 110 a litre in Delhi, industry sources said. This is the first reduction since the West Asia crisis led to a spike in jet fuel rates to a record high.

ATF prices rise 10% as oil firms roll out price stabilisation regime

The new rate will be locked in for up to three years for airlines that opt to participate in the government-backed price stabilisation scheme

ATF price stabilisation fund very good solution to airlines' problem: IATA

India setting up the ATF price stabilisation fund is a very good solution to address the problem of higher jet fuel costs being faced by the domestic airlines, a senior IATA executive has said. While mentioning that the current jet fuel scenario globally is unprecedented in terms of the cost impact, Hemant Mistry, Director Energy Transition at IATA, cautioned that if the situation continues, there would have to be more flight reductions. The International Air Transport Association (IATA) represents over 370 airlines, including Air India, IndiGo, Air India Express and SpiceJet. The grouping accounts for around 85 per cent of the global air traffic. Mistry said the jet fuel situation in terms of cost impact is unprecedented. "If the situation continues, there will have to be more demand destruction... that is the only way to manage the situation, it is an extreme situation," he told PTI. Demand destruction broadly refers to a reduction in flights amid rising operational costs, drive

Govt unveils ₹10K cr fund to shield airlines from fuel price spike

The one-time fund will help airlines manage sharp aviation fuel price swings amid the West Asia conflict, while supporting air connectivity and limiting fare increases for passengers

Commercial LPG price rises ₹42; ATF for international airlines down 27%

Oil marketing companies have increased commercial LPG prices by Rs 42 per cylinder, while aviation turbine fuel for international airlines has been cut by 27 per cent

Domestic refiners keep local jet fuel prices unchanged after airlines' plea

The fuel price for domestic flights will remain unchanged at ₹104,927 ($1,104.25) a kiloliter in New Delhi for June

Air India cuts 120 weekly international flights amid West Asia conflict

Tata Group-owned carrier suspends seven overseas routes and reduces services across North America, Europe and Asia amid rising fuel costs and airspace restrictions

19-kg commercial LPG cylinder price raised by ₹993; steepest increase

OMCs raise commercial LPG prices sharply amid rising crude costs, while domestic LPG and petrol-diesel rates remain unchanged; ATF for international flights also revised

ATF prices unchanged for domestic airlines, international rates hiked: IOC

Aviation turbine fuel (ATF) prices for domestic airlines remained unchanged on Friday as state-owned oil companies decided to absorb the rise in global fuel prices to protect airlines and consumers, IndianOil said. Retail prices of petrol, diesel and domestic LPG cylinders have also been kept steady, insulating consumers from international price volatility. In a statement, IOC said there has been no rate revision in key fuels affecting the general public. ATF prices are, as per practice, revised on the 1st of every month based on input cost. While no change has been made in rates for domestic airlines, there has been an increase in prices for international carriers. IOC said that retail prices of petrol and diesel remained unchanged for consumers, who account for nearly 90 per cent of total consumption. Similarly, prices of domestic LPG (14.2-kg cylinders) for about 33 crore consumers have not been altered. Prices of kerosene distributed under the public distribution system (PDS)

IndiGo, SpiceJet fall up to 5% as FIA warns of shutdown on rising ATF costs

Airline stocks have remained under pressure as crude oil prices extended gains amid escalating tensions in West Asia

Indian airlines warn govt soaring fuel costs threaten ops, seek urgent help

India's top airlines have asked the government for urgent relief as record-high jet fuel prices raise costs, threaten flight operations and may lead to higher fares and route cuts

Diesel duty raised to ₹55.5/l, ATF to ₹42/l; petrol remains nil: Centre

As per the notification, export duty on diesel has been raised to ₹55.5 per litre from ₹21.5 per litre, while duty on ATF has been increased to ₹42 per litre from ₹29.5 per litre