Page 3 - Atf

Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

Centre lowers export tax on diesel and ATF; new rates to be effective from Aug 3

Focus on windfall tax review leads to oil stocks ending in the green

Export taxes on petrol are likely to see the steepest reduction, while levies on diesel and jet fuel could also be lowered to adjust the impact of price declines

ATF crisis in Sri Lanka turns opportunity for South India airports

Several flights of Sri Lankan Airlines, Air Arabia, Jazeera Airways, Gulf Air and Air AirAsia Malaysia are depending on Indian airports starting from May onwards, giving additional revenue to OMCs

Govt issues corrigendum to withdraw excise on ATF for international flights

Indian Oil had begun levying 11% duty following a govt notification; ATF accounts for 40% of an airline's operating expenses

Our expansion plans will take a hit due to ATF duty, say airlines

ATF accounts for around 40 per cent of an airline's operating expenses

Govt to review windfall tax on crude oil and fuel exports every fortnight

The review is based on the premise that if crude prices fall, then windfall gains will cease and new taxes would be rollback

Finance Ministry hopes cess will not hit petroleum exports in FY23

The ministry imposed cess on petroleum products of Rs 6 a litre, Rs 13 per litre and Rs 6 on petrol, diesel and ATF exports, respectively, to improve domestic fuel supply and garner additional revenue

Not easy for airline to turn profitable in India, says IATA official

Philip Goh, Regional Vice President for Asia Pacific of International Air Transport Association, made the remarks during a press conference at the 78th annual general of the global airlines meet

Catch 22: Airlines want a 15% hike in airfares but fear a drop in traffic

In the nine hikes since January 1, the jet fuel prices have been increased by Rs 49,017.8 per kl or nearly 55%

No decision on reduction in tax on ATF to bring down prices: Report

The finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel (ATF) to bring down prices, a top source said on Wednesday.

Domestic air passenger traffic logs estimated 83% growth in April: ICRA

Domestic air passenger traffic is estimated to have logged an 83 per cent growth year-on-year at 10.5-million in April as Covid-19 infection cases waned, leaving a gap of just 5 per cent when compared to the pre-pandemic level, ICRA said on Monday. Indian carriers had flown around 11 million passengers in April 2019. However, the domestic airline operators saw the international passenger traffic marginally surpassing the pre-pandemic numbers (around 1.83 million), with total volumes standing at around 1.85 million, it said. It also said that rising aviation turbine fuel (ATF) prices due to ongoing geo-political issues linked to the Russia-Ukraine conflict continue to evolve as a major threat to the recovery process. For April 2022, the average daily departures were at around 2,726, notably higher than the average daily departures of around 2,000 in the same month a year earlier and higher compared to around 2,588 in March 2022, said Suprio Banerjee, Vice-President & Sector Head, ..

ATF hiked by 2% to all-time high amid surge in global energy prices

The increase in ATF price comes on back of the steepest ever hike 18.3 per cent (Rs 17,135.63 per kl) effected on March 16.

SpiceJet, GMR group announce sustainable aviation fuel initiatives

Globally, International Air Transport Association has set a target for airlines to achieve net zero emissions by 2050

India making steady progress, global crisis notwithstanding: RBI article

The article in the RBI Bulletin on 'State of the Economy' said, 'unfolding global developments nevertheless pose downside risks in terms of spillovers.'

IndiGo 'in talks with Central govt' to bring aviation fuel under GST ambit

IndiGo's full-time Director and Chief Executive Officer Ronojoy Dutta urged the Central government to bring the Aviation Turbine Fuel (ATF) under goods and service tax (GST) ambit

ATF price hike may delay the recovery seen by airlines recently

Raising the airfares further could hurt traffic volumes

Budget FY23: Reduce central excise on ATF to 5%, says airline major IndiGo

Airline major IndiGo on Wednesday urged the Centre to reduce central excise on jet fuel to 5 per cent from 11 per cent in the Union Budget FY23, to be tabled in the Parliament on February 1.

ATF price hiked by 2.75%, commercial LPG rates cut by Rs 102.5

The price of LPG used in domestic kitchens remains unchanged at Rs 899.50 per 14.2-kg cylinder

Karnataka government reduces VAT on aviation turbine fuel to 18%

The decision will bring relief to airlines and help airlines reduce their fuel expenses

Petrol, diesel price hiked again; cost 30% more than ATF

The fourth straight day of 35 paise per litre hike sent petrol and diesel rates to record highs across the country.