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
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
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
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
The fuel price for domestic flights will remain unchanged at ₹104,927 ($1,104.25) a kiloliter in New Delhi for June
Tata Group-owned carrier suspends seven overseas routes and reduces services across North America, Europe and Asia amid rising fuel costs and airspace restrictions
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
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)
Airline stocks have remained under pressure as crude oil prices extended gains amid escalating tensions in West Asia
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
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
SpiceJet Chairman and Managing Director Ajay Singh on Wednesday said the government's decision to allow only a partial increase in jet fuel prices would be a significant relief for the country's aviation industry at a time of unprecedented global uncertainty. PSU oil marketing companies, under the Ministry of Petroleum, in consultation with the Ministry of Civil Aviation, decided to implement only a partial and staggered increase of 25 per cent or Rs 15/litre for domestic airlines, Civil Aviation Minister K Rammohan Naidu said in a post on X. Airlines are already incurring higher operational costs due to the airspace restrictions in the West Asia region amid the conflict. The situation is forcing carriers to take longer routes for international flights, resulting in increased fuel burn. "The government's decision to allow only a partial increase in Aviation Turbine Fuel prices comes as a significant relief for the Indian aviation industry at a time of unprecedented global ...
The Board of InterGlobe Aviation Limited (IndiGo) on Tuesday, March 31, 2026 appointed William Walsh as the Chief Executive Officer, subject to regulatory approvals.
Prices of aviation turbine fuel (ATF), or jet fuel, were more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, driven by the the surge in global oil prices linked to the widening West Asia conflict. This is the first time ATF prices have crossed the Rs 2 lakh per kilolitre (kl)-mark. ATF prices in Delhi were hiked to Rs 207,341.22 per kl, from Rs 96,638.14 per kl. On March 1, prices of jet fuel were hiked by 5.7 per cent (Rs 5,244.75 per kl).
Indian Oil has hiked XP100 petrol price from ₹149 to ₹160 per litre and Xtra Green diesel from ₹91.49 to ₹92.99 per litre in Delhi
Airlines say jet fuel prices have surged far more than crude oil since the West Asia conflict, blaming soaring refinery margins and the Mopag-linked pricing system for rising fares
Airfares between India and the West Asia have jumped three to four times as airlines face steep war-risk insurance premiums, higher ATF prices and severe operational disruptions
Price of aviation turbine fuel (ATF), or jet fuel, was reduced by 7.3 per cent on Thursday, while commercial LPG rate was raised by Rs 111 per cylinder, as state-owned oil marketing companies implemented their monthly price revisions aligned with global fuel benchmarks. ATF price in Delhi was cut by Rs 7,353.75 per kilolitre, or 7.3 per cent, to Rs 92,323.02 per kl, according to state-owned fuel retailers. Commercial LPG rates were hiked by Rs 111 per 19-kg cylinder in line with global benchmarks. Commenting on the increase in price of commercial LPG cylinders, a statement issued by the Oil Ministry said the price of commercial LPG cylinders is market-determined and linked to international benchmarks. "Accordingly, revisions in commercial LPG prices reflect movements in global LPG prices and associated costs. The prices of domestic LPG remain unchanged," it added. India imports about 60 per cent of its LPG requirement, and domestic LPG prices are therefore linked to international
Aviation Turbine Fuel (ATF) prices were raised by 5.4 per cent on Monday, while commercial LPG rates were cut by Rs 10 per cylinder as state-owned oil companies announced their monthly price revision in line with global trends. ATF prices in Delhi increased by Rs 5,133.75 per kilolitre to Rs 99,676.77 per kl, marking the third consecutive monthly hike, according to state-owned fuel retailers. Rates had risen by about 1 per cent on November 1 and by 3.3 per cent on October 1. The latest increase is expected to add pressure on airlines, for which fuel accounts for nearly 40 per cent of operating costs. No immediate comments could be obtained from the airlines on the impact of the price change. In Mumbai, ATF was revised to Rs 93,281.04 per kl, while prices in Chennai and Kolkata were raised to Rs 1,03,301.80 and Rs 1,02,371.02 per kl, respectively. Fuel prices vary across cities due to local taxes. Alongside, the price of a 19-kg commercial LPG cylinder used by hotels and restaura
Nuvama flagged 'high valuations' and 'near-term industry weakness' as key reasons for caution, even as structural positives remain intact.