Page 3 - Aviation Fuel

IndiGo introduces fuel charge up to Rs 1,000 to offset rising ATF prices

Other airlines may follow suit to offset ATF price rise

After a solid Q1, IndiGo's troubles may mount in Q2FY24, warn analysts

IndiGo's profitability may be affected in the July to September quarter (Q2) of FY24 owing to lower fares in a seasonally weak quarter and higher fuel prices, analysts said

Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1

A windfall tax on diesel has been increased to 1 rupee per litre from nil earlier, according to a government notification on Monday

Generative AI to flexi batteries: Here's WEF's list of top 10 emerging tech

The technologies featured in the Top 10 Emerging Technologies Report 2023 have the greatest potential to positively impact the world

India can become sustainable fuel hub by using agri waste: Honeywell

Agricultural waste in India can be used for generating sustainable aviation fuel and make the country a hydrogen hub, a senior official of Honeywell India said on Wednesday. Honeywell India VP and General Manager for UOP and HPS Ashish Gaikwad said the technology is now available in the country that can benefit farmers by procuring agricultural waste from them, which they burn on the field that creates pollution. "It is my personal belief, India has the opportunity to become an energy hub for hydrogen. It can also become a hydrogen hub for SAF (sustainable aviation fuel). India is a large agricultural economy. It can produce a lot of agricultural waste that can become feedstock for producing SAF. Then not only we will produce SAF for our own domestic consumption but we will be able to export it," Gaikwad said. He said that Honeywell is a big proponent of India becoming a hub for SAF. India has committed to net zero carbon emissions by 2070. "Agricultural waste can be utilised for

Production of Sustainable Aviation Fuel set for continued growth: IATA

As efforts continue to reduce carbon emissions, international airlines' grouping IATA on Tuesday said the production of Sustainable Aviation Fuel (SAF) is set for continued growth with a wide geographic footprint spread across North America, Europe and Asia Pacific. The International Air Transport Association (IATA) expects overall renewable fuel production to reach an estimated capacity of at least 69 billion litres (55 million tonnes) by 2028. The grouping of more than 300 airlines has also pitched for production incentives to support the aviation industry's energy transition as well as for continued approval for more diversification of methods and feedstocks available for SAF production. With these two measures successfully in place, the expected 2028 production levels would be realistically aligned with recently published roadmaps to net zero carbon emissions by 2050, IATA Director General Willie Walsh said. According to IATA, SAF will comprise a portion of this growing output,

Govt may mandate 1% green jet fuel in all commercial flights by '25: Puri

Transition within 2 years, says Puri amid global pressure on Indian carriers

India eyes nationwide use of 1% of SAF for domestic airlines by 2025

India plans to mandate the use of 1% of sustainable aviation fuel (SAF) for domestic airlines by 2025, oil minister Hardeep Singh Puri said on Friday, in a bid to cut emissions from the sector

Vistara operates Boeing 787 aircraft using sustainable aviation fuel

Full service carrier Vistara on Thursday said it operated a Boeing 787 aircraft on the Delhi-Mumbai route, using sustainable aviation fuel (SAF). This is the first time that an Indian carrier has operated a commercial domestic flight on a wide-body aircraft, using a blend of 17 per cent SAF with 83 per cent conventional jet fuel, the airline said in a statement. The Delhi-Mumbai flight using blended with SAF helped the airline reduce approximately 10,000 pounds of CO2 emissions, it said. "This pioneering initiative is part of Vistara's ongoing efforts to minimize carbon footprint and support a sustainable future for the aviation industry," the airline said. Last month, the joint venture of Tata Group-Singapore Airlines -- Vistara -- had operated a wide-body aircraft on a long-haul international route using sustainable aviation fuel, which was also the first time for an Indian airline. A blend of 30 per cent SAF and 70 per cent conventional jet fuel was used on a ferry flight betwe

Indian Oil Corp plans green jet fuel plant worth $10 bn to meet demand

The International Civil Aviation Organization last year adopted a target to cut emissions to net zero by 2050, and SAF has long been seen as the industry's fastest way to reduce emissions

India can play leading role in sustainable aviation fuel: Akasa's Ghosh

There is a gap of around $350 million in terms of funding between traditional aviation fuel and 10% blended fuel, he said

Indian Oil to sign MoU with LanzaJet for sustainable aviation fuel

Indian Oil Corp will sign a memorandum of understanding with sustainable fuel tech provider LanzaJet to produce sustainable aviation fuel at its Panipat refinery, its chairman told Reuters

Jet fuel price hiked 4% by Rs 4,218 per KL in line with rising oil rates

Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running. Aviation turbine fuel (ATF) price was increased by Rs 4,218 per kilolitre, or 3.9 per cent, to Rs 1,12,356.77 per kl in the national capital, according to a price notification of state-owned fuel retailers. The increase follows three rounds of reduction since November. The price on January 1 was reduced to Rs 1,08,138.77 per kl from Rs 1,17,587.64. Prior to that, the price was slashed by 2.3 per cent on December 1 and 4.19 per cent on November 1. The rate hike will increase the burden on airlines for whom fuel makes for almost 40 per cent of the operating cost. ATF price is revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates. Petrol and diesel prices, however, continued to remain on freeze for a record tenth month in a row. Petrol costs

IndiGo Q3 preview: Airline to turn profitable amid healthy traffic, low ATF

The domestic air traffic capacity reached close to full capacity in Q3, while a pick up in international commercial flights provided the much needed relief to the aviation industry

Centre cuts windfall tax on crude, export taxes on aviation fuel and diesel

It cut its windfall tax on crude to Rs1,900 ($23.28) per tonne from Rs 2,100 per tonne, effective Tuesday

India raises windfall tax on crude oil, diesel and aviation turbine fuel

It raised windfall tax on crude oil to Rs 2,100 ($25.38) per tonne from Rs 1,700 ($20.55), effective Tuesday, the order said

BIAL incurs net loss of Rs 356 crore in FY22 due to Covid-19 impact

The financial performance of BIAL is registering strong growth as passenger volumes in recent months have gone back to pre-Covid levels

Elon Musk cries foul over flight data that's readily available on the net

People who for security or privacy reasons don't want their location known can opt for FAA to screen their aircraft's identity

After suffering losses for 3 quarters, IndiGo on a flight path to profit

Cooling fuel prices and rupee depreciation and rising demand could help the country's largest airline by market share to reverse successive quarters of losses

India's big plans for cleaner aviation fuel face a string of hurdles

in Dehradun, scientists are working with partners including Boeing Co. to get global approvals for their biofuel, which is made from waste cooking oil and the seeds of plants