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Aviation Turbine Fuel (ATF)

Finance Ministry to review efficacy of windfall tax on crude oil and fuel exports

Finance Ministry to review efficacy of windfall tax on crude oil...

Thu, Nov 28, 2024

The Finance Ministry would review the efficacy of windfall tax on the export of petrol, diesel and Aviation Turbine Fuel (ATF) as global crude oil prices have stabilised, sources said. Phenomenal profits made by some oil refiners on exporting fuel at the expense of domestic supplies had prompted the government to introduce an export tax on petrol, diesel and ATF in July 2022.

Intention of Centre to levy GST on petrol, diesel; states will have to decide on rate: Finance Minister

Intention of Centre to levy GST on petrol, diesel; states will ha...

Sat, Jun 22, 2024

She said a provision has already been made by former Finance Minister Arun Jaitley by including petrol and diesel into GST law. What is remaining is for the states to come together to discuss and decide on the rate of the levy.

ATF prices hiked; check out the new rates here

ATF prices hiked; check out the new rates here

Wed, Nov 01, 2023

The downward revision comes after three back-to-back months of increases in ATF rates.

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Air travel to become cheaper! Jet fuel prices cut by THIS much

Air travel to become cheaper! Jet fuel prices cut by THIS much

Thu, Sep 01, 2022

Rates differ from state to state depending on incidence of local taxes.

Air travel likely to get cheaper as jet fuel rates cut by whopping 12%

Air travel likely to get cheaper as jet fuel rates cut by whoppin...

Mon, Aug 01, 2022

This is the third time when ATF prices have been reduced this year. Earlier on July 16, ATF prices were cut by 2.2 percent to Rs 138,147.93 per kl following softening in international oil prices. In June as well, jet fuel prices were slashed by 1.3 percent -this was the first reduction after 10 rounds of hikes.

When will government consider lowering windfall tax as global oil prices decline?

When will government consider lowering windfall tax as global oil...

Fri, Jul 15, 2022

The fall in the crude oil prices as well as the refining margin for diesel, petrol and aviation turbine fuel, raises the question whether the Indian government should continue with its windfall tax, said CLSA Ltd in a report.

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

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

Wed, Mar 16, 2022

Jet fuel prices on Wednesday were hiked by over 18 percent - the steepest ever increase - to all-time high levels after international oil price surged to a multi-year high.

UDF alleges bias in ATF tax relief to Kannur airport

UDF alleges bias in ATF tax relief to Kannur airport

Mon, Feb 04, 2019

The Congress-led UDF members, who claimed that Kannur airport had been given the relief because it was in Vijayan's home district, staged a walkout in protest after not getting any assurance from the government on their demand.

Mayday! Jet Airways, SpiceJet, Indigo on hotbed; massive ATF price cut fails to cheer aviation stocks

Mayday! Jet Airways, SpiceJet, Indigo on hotbed; massive ATF pric...

Wed, Jan 02, 2019

Almost every airline has blamed rising ATF prices - something that can be blamed on boiling international crude oil prices. However, now tables have turned as crude oil price has eased and OMCs have the chance to trim down costs.

Fuel costs, currency losses expected to push airlines deep into the red: Crisil

Fuel costs, currency losses expected to push airlines deep into t...

Fri, Nov 02, 2018

Prices of aviation turbine fuel (ATF) which accounts for 35 to 40 per cent of the total cost of airlines are expected to average 28 per cent higher on-year compared with fiscal 2018, according to the report.

IndiGo, SpiceJet, Jet Airways face credit rating revisions as costs spiral

IndiGo, SpiceJet, Jet Airways face credit rating revisions as cos...

Tue, Oct 23, 2018

Listed carriers - IndiGo, SpiceJet and Jet Airways - have seen this month downgrading of credit rating assigned to some of their loan facilities as they grapple with rising expenses and limited room to hike fares amid intense competition.

Flying to get cheaper? Modi government cuts excise duty on ATF to 11%

Flying to get cheaper? Modi government cuts excise duty on ATF to...

Thu, Oct 11, 2018

Excise duty on aviation turbine fuel (ATF) has been reduced to 11 per cent from 14 per cent with effect from October 11, a notification issued by the revenue department in the finance ministry said.

Big relief for airlines on cards? Modi government mulls bringing Aviation Turbine Fuel under GST

Big relief for airlines on cards? Modi government mulls bringing...

Mon, Aug 20, 2018

After aviation ministry's request, the finance ministry may bring in a proposal before GST Council in its next meeting to bring the ATF in its ambit.

Surprise! ATF may come under 18% GST bracket, but Jet Airways, SpiceJet, IndiGo in tailspin

Surprise! ATF may come under 18% GST bracket, but Jet Airways, Sp...

Thu, Jul 26, 2018

The Finance Ministry is planning to include ATF under 18 per cent tax bracket of GST, a source told Zee Business TV. However, it is unclear exactly how such a move can impact airfares. Expectations are that the benefits would be passed on to flyers.

Aviation stocks fly high as Delhi govt cuts ATF tax to 1%

Aviation stocks fly high as Delhi govt cuts ATF tax to 1%

Wed, Mar 08, 2017

AAP-government tabled the Delhi budget for 2017-18 today.

Jet fuel price cut but aviation stocks tumble

Jet fuel price cut but aviation stocks tumble

Thu, Dec 01, 2016

IOC on Wednesday, trimmed down the ATF prices by nearly 4% in four metro cities for both domestic and international airlines.

Aviation stocks unmoved as Indian Oil Corp hikes ATF prices

Aviation stocks unmoved as Indian Oil Corp hikes ATF prices

Wed, Oct 05, 2016

State-owned Indian Oil Corp (IOC) on Wednesday hiked the aviation turbine fuel (ATF) prices by nearly 3% in metro cities like Delhi, Kolkata, Mumbai and Chennai.

Subsidised LPG rate hiked by Rs 2 per cylinder

Subsidised LPG rate hiked by Rs 2 per cylinder

Thu, Sep 01, 2016

The reduction comes on back of a 4.2% cut in rates on August 1.

Aviation Ministry presents Draft Regional Connectivity Scheme; all you need to know about it

Aviation Ministry presents Draft Regional Connectivity Scheme; al...

Sat, Jul 02, 2016

The airline operators will exempt the RCS flights from landing charges, parking charges, and terminal navigation landing charges.

Oil marketing firms hike jet fuel prices by nearly 6%, cut non-subsidised LPG prices by Rs 11

Oil marketing firms hike jet fuel prices by nearly 6%, cut non-su...

Fri, Jul 01, 2016

Making their monthly price revisions, state-run oil marketing companies on Friday hiked the price of Aviation Turbine Fuel (ATF) by 5.5% but cut that of non-subsidised LPG by Rs 11 per cylinder in

ATF prices raised: Is your flight ticket going get expensive?

ATF prices raised: Is your flight ticket going get expensive?

Wed, Jun 01, 2016

Aviation sector in India has been on the upswing for the past one year largely due to fall in global crude oil prices.

After petrol, diesel non-subsidised LPG, kerosene, ATF prices hiked

After petrol, diesel non-subsidised LPG, kerosene, ATF prices hik...

Sun, May 01, 2016

After petrol and diesel, rates of non-subsidised cooking gas, non-PDS kerosene and aviation turbine fuel (ATF) were on Sunday raised in line with global trends.Petrol price was late last night hike

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