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Aviation Turbine Fuel (ATF) News
Aviation Turbine Fuel (ATF)
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
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
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
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%
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
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
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%
Wed, Mar 08, 2017
AAP-government tabled the Delhi budget for 2017-18 today.
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
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
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
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
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 the wake of lower global prices.
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
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 hiked by Rs 1.06 a litre to Rs 62.19 per litre in Delhi and diesel by Rs 2.94 to Rs 50.95 a litre.