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  • Government cuts windfall profit tax on local crude, diesel, lifts for jet fuel Oct 02, 2022 06:40 AM IST

    Government cuts windfall profit tax on local crude, diesel, lifts for jet fuel

    At the sixth fortnightly review, the government reduced the tax on domestically produced crude oil to Rs 8,000 per tonne from Rs 10,500 per tonne

  • Govt likely to revise windfall tax on domestic oil refiners soon: Report Sep 29, 2022 05:35 PM IST

    Govt likely to revise windfall tax on domestic oil refiners soon: Report

    The Petroleum Ministry has submitted the data of price movement of global crude oil prices over the past fortnight to revenue department pitching for a cut

  • What is the new ATF pricing mechanism? Sep 12, 2022 06:54 PM IST

    What is the new ATF pricing mechanism?

  • Benefits of ATF price reduction due to new pricing mechanism will be passed on to customers: Airline officials Sep 02, 2022 05:04 PM IST

    Benefits of ATF price reduction due to new pricing mechanism will be passed on to customers: Airline officials

    Most airlines in India are in talks with oil marketing companies including Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Indian Oil Corporation and will sign supply agreements with OMCs by October.

  • Centre hikes windfall profit tax on exports of diesel, ATF; raises tax on local crude Sep 01, 2022 06:30 AM IST

    Centre hikes windfall profit tax on exports of diesel, ATF; raises tax on local crude

    At the fourth fortnightly review, the government raised the windfall profit tax on the export of diesel to Rs 13.5 per litre from Rs 7 per litre.

  • Airline fare cap and ATF under GST on the govt's radar: Jyotiraditya Scindia Aug 10, 2022 08:21 AM IST

    Airline fare cap and ATF under GST on the govt's radar: Jyotiraditya Scindia

    In an exclusive interview with CNBC-TV18, the Minister of Civil Aviation and Steel, Jyotiraditya Scindia, assured that both are being considered and worked upon by the government.

  • Cheaper jet fuel, offers galore: Is this the start of domestic airfares flying down? Aug 05, 2022 06:23 PM IST

    Cheaper jet fuel, offers galore: Is this the start of domestic airfares flying down?

    According to market experts and industry participants, ticket prices in India are most likely not going to fall due to high fuel costs, the depreciating rupee, and the struggling balance sheet of airlines.

  • Jet fuel price cut by 12% to Rs 1.21 lakh/kl in Delhi, LPG cylinder price down Rs 44.50 Aug 01, 2022 08:27 AM IST

    Jet fuel price cut by 12% to Rs 1.21 lakh/kl in Delhi, LPG cylinder price down Rs 44.50

    This is only the third reduction in rates for air turbine fuel (ATF) prices this year

  • Jet Fuel Price slashed By 2.2% on fall in International crude Jul 16, 2022 10:38 AM IST

    Jet Fuel Price slashed By 2.2% on fall in International crude

    Jet fuel (ATF) prices on Saturday were reduced by 2.2 per cent, reflecting a fall in international oil prices.

  • Windfall tax review more likely than expected after sharp fall in global crude oil prices Jul 13, 2022 02:23 PM IST

    Windfall tax review more likely than expected after sharp fall in global crude oil prices

    In a surprise move, the government on July 1 slapped export duties on petrol and ATF (Rs 6 per litre or USD 12 per barrel) and diesel (Rs 13 a lire or USD 26 a barrel) and imposed a windfall tax on domestic crude production (Rs 23,250 per tonne or USD 40 per bbl).

  • Finance Minister exempts excise duty on ATF purchases by Indian carriers for overseas flights Jul 08, 2022 02:53 PM IST

    Finance Minister exempts excise duty on ATF purchases by Indian carriers for overseas flights

    In a notification, the ministry said that ATF supplied as fuel to domestic carriers on international routes would continue to be exempted from basic excise duty from July 1.

  • Govt slaps Rs 66,000 crore windfall tax on crude oil production; introduces export levy on petrol, diesel, ATF Jul 01, 2022 07:07 PM IST

    Govt slaps Rs 66,000 crore windfall tax on crude oil production; introduces export levy on petrol, diesel, ATF

    A Rs 6 per litre tax on export of petrol and ATF and Rs 13 per litre tax on export of diesel is effective from July 1, finance ministry notifications showed.

  • Govt raises taxes on export of ATF, diesel and petrol; windfall tax on domestic crude oil Jul 01, 2022 09:52 AM IST

    Govt raises taxes on export of ATF, diesel and petrol; windfall tax on domestic crude oil

    The government slapped a Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel.

  • Minimum 10-15% increase in airfares must due to ATF price increase, rupee slide: SpiceJet CMD Ajay Singh Jun 16, 2022 10:13 AM IST

    Minimum 10-15% increase in airfares must due to ATF price increase, rupee slide: SpiceJet CMD Ajay Singh

    A minimum 10-15 per cent increase in air fares is required to ensure that cost of operations are better sustained, Singh said in a statement.

  • ATF price hiked by 5.3%, 10th increase this year May 16, 2022 12:28 PM IST

    ATF price hiked by 5.3%, 10th increase this year

    The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to Rs 1,23,039.71 per kl (Rs 123 per litre) in the national capital, according to a price notification of state-owned fuel retailers.

  • Explained | How can the government include ATF as a part of GST? May 05, 2022 02:10 PM IST

    Explained | How can the government include ATF as a part of GST?

    The aviation industry wants the government to include ATF under the goods and services tax (GST) to benefit from input tax credit and reduce the stress on operations.

  • Jet fuel prices raised by 3.22% in 9th straight hikes this year May 01, 2022 10:26 AM IST

    Jet fuel prices raised by 3.22% in 9th straight hikes this year

    ATF prices are hiked by Rs 3,649.13 per kilolitre to Rs 1,16,851.46 (or, Rs 116.8 per litre) in Delhi, while in Mumbai it now costs Rs 1,15,617.24 per kl, Rs 1,21,430.48 in Kolkata, and Rs 1,20,728.03 in Chennai

  • ATF price hiked by 2% to all-time high Apr 01, 2022 06:55 AM IST

    ATF price hiked by 2% to all-time high

    Aviation turbine fuel (ATF) - the fuel that helps aeroplanes fly - was hiked by Rs 2,258.54 per kilolitre, or 2 per cent, to Rs 1,12,924.83 per kl in the national capital, according to a price notification by state-owned fuel retailers.

  • ATF price hiked by steepest ever 18% to all-time high Mar 16, 2022 11:38 AM IST

    ATF price hiked by steepest ever 18% to all-time high

    The increase - sixth straight this year - led to prices soaring past the Rs 1-lakh-per-kilolitre mark for the first time ever.

  • Air travelers left in a lurch after many India-US flights cancelled due to Ukraine-Russia conflict Mar 08, 2022 08:29 PM IST

    Air travelers left in a lurch after many India-US flights cancelled due to Ukraine-Russia conflict

    These travellers had to make alternate arrangements themselves as these airlines did not make arrangements to accommodate them on other flights or offer to reschedule tickets. Instead, passengers were given a refund of the tickets.

  • Airlines seek to increase fares as jet fuel prices rise again in March Mar 07, 2022 05:51 PM IST

    Airlines seek to increase fares as jet fuel prices rise again in March

    Mumbai-Delhi fares may go up by 15-20% as soon as mid-March, experts said, adding that increases are inevitable given the rise in global oil prices.

  • ATF price hiked by 3.3%; fifth increase this year Mar 01, 2022 01:04 PM IST

    ATF price hiked by 3.3%; fifth increase this year

    This is the fifth hike in jet fuel or Aviation Turbine Fuel (ATF) prices this year following an unrelenting rise in global oil prices, but petrol and diesel prices remained unchanged for a record 116th day in a row, coinciding with electioneering to elect new governments in states like Uttar Pradesh and Punjab.

  • Explained| How will rising ATF prices affect the aviation industry amid rising competition? Feb 22, 2022 07:42 PM IST

    Explained| How will rising ATF prices affect the aviation industry amid rising competition?

    ATF prices have climbed 22.3 percent since December 15, or by Rs 16,497.38 per kilolitre (kl) in Delhi. The latest increase of 5.2 percent was announced on February 15. ATF now stands at around Rs 90,519.79 per kl in Delhi.

  • ATF prices climb to record high after 5.2% hike Feb 16, 2022 02:12 PM IST

    ATF prices climb to record high after 5.2% hike

    This is the fourth hike in jet fuel or Aviation Turbine Fuel (ATF) prices in less than two months following a spike in global oil prices but petrol and diesel prices remained unchanged for a record 103rd day in a row, coinciding with electioneering to elect new governments in states like Uttar Pradesh and Punjab.

  • Why it is important to extend GST to aviation fuel  Feb 08, 2022 10:49 AM IST

    Why it is important to extend GST to aviation fuel 

    It is the state governments, who levy VAT on aviation fuel, who are opposing the move in the GST council 

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