The rates have been increased for the second consecutive month after two rounds of reduction. The latest hike in jet fuel prices could impact the airfare before the upcoming holiday season.
ATF rates update: With jet fuel making up almost 40 per cent of the operating cost of an airline, the increase in prices had resulted in a rise in the cost of flying. Now there has been a marginal relief.
Air Travel To Become Expensive: Jet fuel price has been hiked by 16 per cent in step with firming international oil rates.
Fuel prices have hiked by a whopping 61.7 percent from Rs 72,062 per kilolitre to Rs 1.23 lakh per kilolitre since January this year.
Jet fuel, which makes up for almost 40 per cent of the running cost of an airline, has this year surged to new highs.
The VAT reduction on ATF is likely to translate into airlines slashing airfares, thereby encouraging tourists to visit Gujarat in more numbers.
Civil Aviation Minister Scindia has been requesting states to reduce taxes on jet fuel, which accounts for a major chunk of the operational costs of an airline.
The FlightAware website’s flight track showed the jet took off over the ocean and made an immediate right turn toward land and circled back over Southern California to approach the airport from the east.
Jet fuel or ATF price was on Wednesday hiked by 2.6 per cent and that of non-subsidised cooking gas LPG by Rs 19 per cylinder on the back of a rise in international rates. Price of Aviation Turbine Fuel (ATF), used to power aeroplanes, was raised by Rs 1,637.25 per kilolitre, or 2.6 per cent, to Rs 64,323.76 per kl in Delhi.
Billionaire Mukesh Ambani's Reliance Industries Ltd plans to produce only jet fuel and petrochemicals at its mega Jamnagar refinery complex as it implements an oil-to-chemical strategy that will eliminate most fuels it produces in favour of high value products.
Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 3,806.44 per kilolitre to Rs 61,200.36 per kl. This is the second straight monthly price reduction.
The shares of major aviation stocks surged by nearly 14 per cent on Wednesday.
LPG price was hiked by Rs 1.50 per cylinder in line with the government decision to raise rates every month to eliminate subsidies by March.
Indian Oil Corp (IOC) announced that the price of a subsidised 14.2kg LPG cylinder will now be Rs 487.18 in Delhi, as against Rs 479.77 earlier.
New Delhi: The state-run oil marketing companies cut the price of of non-subsidised LPG by Rs 11 per cylinder and on the other hand hiked the price of Aviation Turbine Fuel (ATF) by 5.5 per
New Delhi: State run-Indian Oil Corp (IOC) hiked prices of non-subsidised LPG, or cooking gas, cylinders by around Rs.50, effective from Friday. Allowing for local levies, the market price of a non-subsidised liquefied petroleum gas cylinder
New Delhi: Jet fuel price was hiked by a steep 7.5 per cent today and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder in step with global firming of rates.Price of aviation
New Delhi: Jet fuel (ATF) price was today cut by a steep 11.3 per cent and now costs less than diesel.Last month, its rate had fallen below the price at which petrol is sold.While petrol
New Delhi, Jun 30: In the second major relief to cash-strapped airlines this month, jet fuel (ATF) prices were today cut by about 2 per cent.The price of aviation turbine fuel (ATF), or jet fuel,
New Delhi, Mar 31: State-owned oil companies today hiked jet fuel price by about 3 per cent, the third time they have increased rates this month.The price of aviation turbine fuel (ATF), or jet fuel,
Top News
Latest News
