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ATF Price

CLOSING BELL: Buying momentum in IT, HUL, and ITC shares also lent support

Updated On: 05 Apr 2023 | 4:27 PM IST

New rate will be applicable in Mumbai, Pune and Raigad districts, says state budget

Updated On: 09 Mar 2023 | 7:52 PM IST

Amid recovery in domestic passenger traffic in FY2023, the earnings recovery for domestic airlines will be slow-paced due to elevated ATF prices in addition to the rupee depreciation against US dollar

Updated On: 12 Dec 2022 | 9:02 PM IST

Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oil prices but petrol and diesel rates remained on freeze for a record eighth month in running. Aviation Turbine Fuel (ATF) price was cut by Rs 2,775 per kilolitre, or 2.3 per cent, to Rs 1,17,587.64 per kl in the national capital, according to a price notification of state-owned fuel retailers. The rate reduction, which will provide relief to airlines for whom fuel makes for almost 40 per cent of the operating cost, comes on the back of a Rs 4,842.37 per kl, or 4.19 per cent, reduction last month. 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 eighth month in a row. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62. State-owned fuel retailers are supposed to revise petrol and diesel prices dai

Updated On: 01 Dec 2022 | 11:22 PM IST

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

Updated On: 24 Nov 2022 | 9:35 PM IST

The domestic airlines industry is projected to post a loss of Rs 15,000-17,000 crore in the current fiscal as their financial performance is likely to remain under pressure in the near term, a report said on Friday. Credit rating agency ICRA said the recovery in domestic passenger traffic has been healthy but elevated Aviation Turbine Fuel (ATF) prices will continue to pose a major threat to earnings and the liquidity profile of the airlines in the near-to-medium term. The domestic passenger traffic grew around 26 per cent year-on-year to about 114 lakh in October. In the year-ago period, the number was at 90 lakh passengers. However, the latest October figure remained 8 per cent lower when compared to the pre-pandemic traffic level, the rating agency said in a report. ICRA has a negative outlook on the domestic aviation industry. According to the report, the depreciation of the Indian rupee against the US dollar will have a major bearing on the airlines' cost structure. The debt

Updated On: 11 Nov 2022 | 7:56 PM IST

At its seventh fortnightly review, the government hiked the tax on the export of ATF to Rs 5 per litre from Rs 3.50

Updated On: 01 Nov 2022 | 11:05 PM IST

Jet fuel (ATF) price on Tuesday was hiked by 4.2 per cent but that of commercial LPG used in non-residential establishments such as hotels and restaurants was cut by Rs 115.5 per 19-kg cylinder reflecting global energy trends. Aviation turbine fuel (ATF) price was hiked by Rs 4,842.37 per kilolitre, or 4.19 per cent, to Rs 120,362.64 per kl in the national capital, according to a price notification of state-owned fuel retailers. This reverses a 4.5 per cent cut in jet fuel prices affected last month. Separately, the oil firms reduced the price of a 19-kg commercial LPG cylinder to Rs 1,744 from Rs 1,859.50 in the national capital. This is the seventh reduction in the price of commercial LPG since June, in step with softening of international energy prices. In all, rates have come down by Rs 610 per 19-kg cylinder. However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder. This is because the rates of domestic cookin

Updated On: 01 Nov 2022 | 6:40 PM IST

Jet fuel (ATF) price on Saturday was slashed by 4.5 per cent and that of commercial LPG used in hotels and restaurants by Rs 25.5 per 19-kg cylinder. The price of a 19-kg commercial LPG cylinder was cut to Rs 1,859.50 in the national capital from Rs 1,885, according to a price notification from state-owned fuel retailers. This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices. In all, rates have come down by Rs 494.50 per 19-kg cylinder. However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder. This because the rates of domestic cooking gas were way lower than cost and now with a drop in international prices, they are at breakeven, industry sources said. Commercial LPG rates, on the other hand, have largely been aligned with cost and so they have moved in tandem with rise and fall in international prices. Simultaneously, the rates of aviation turbine fu

Updated On: 01 Oct 2022 | 10:43 AM IST

While ATF price has jumped 83% in Sept on a YoY basis, capacity deployed by airlines has also increased. Airlines flew 37% more flights and carried 50% more passengers last month compared to Aug '21

Updated On: 18 Sep 2022 | 10:26 PM IST

The price of commercial LPG used in hotels and restaurants on Thursday was slashed by Rs 91.5 per cylinder on softening international prices, but oil companies have made no changes in rates of domestic cooking gas and rather began imposing limits on refills a user can order in a fortnight. The price of a 19-kg commercial LPG cylinder was cut to Rs 1,885 per cylinder in the national capital from Rs 1,976.50, according to a price notification from state-owned fuel retailers. This is in line with softening international prices. However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder. This because the rates of domestic cooking gas were way lower than cost and now with a drop in international prices they are at breakeven, industry sources said. Commercial LPG rates on the other hand have largely been aligned with cost and so they have moved in tandem with rise and fall in international rates. And this difference between

Updated On: 01 Sep 2022 | 11:15 PM IST

OMCs to shift to single uniform system instead of the prevailing dual pricing mechanism for domestic and overseas airlines

Updated On: 30 Aug 2022 | 8:16 PM IST

What is windfall gain tax? How does it impact petrol-diesel prices? Which countries impose it? Read this detailed article to know everything about fuel and its relation to windfall gain tax

Updated On: 25 Aug 2022 | 6:29 PM IST

Elevated Aviation Turbine Fuel (ATF) prices and Rupee depreciation are likely to pose a serious threat to the recovery process for domestic carriers, credit ratings agency ICRA said on Wednesday. In India, ATF accounts for around 45 per cent of the operational cost of an airline. Besides, as much as 35-50 per cent of the airlines' operating expenses are US dollar driven, as per ICRA. An area of concern remains the ATF prices, which surged by around 77 per cent Y-o-Y in August, given the elevated crude oil prices due to geo-political issues arising from the Russian invasion of Ukraine, the ratings agency said. On an aggregate basis, it said a return to normalcy will lead to recovery in passenger load factors, which, in turn, will aid revenues; however, these two factors will continue to weigh on the domestic airlines'' earnings in FY23. This apart, the expected launch of Jet Airways and the entry of Akasa Air, are likely to intensify the competition for the domestic carriers. "ICR

Updated On: 17 Aug 2022 | 8:11 PM IST

Notably, ATF prices have been coming down during the last few weeks after jumping to record levels, primarily due to the Russia-Ukraine war that began on February 24.

Updated On: 13 Aug 2022 | 11:13 PM IST

Shares of InterGlobe Aviation opened at Rs 2,070.05, then gained further to touch 2,080.80, registering a jump of 2.09 per cent over its last close.

Updated On: 11 Aug 2022 | 4:42 PM IST

Scindia said that as it stands today, the fares of airlines are not close enough to the low portion of the fare cap and are very far away from the high portion of the fare cap.

Updated On: 09 Aug 2022 | 11:57 PM IST

InterGlobe Aviation Q1: A strong revival in air passenger traffic going ahead, coupled with better cost management, and network (route) expansion may support IndiGo's profitability in the medium term

Updated On: 04 Aug 2022 | 11:30 PM IST

India has increased the export tax on petroleum crude and cut the tax on aviation turbine fuel and diesel

Updated On: 02 Aug 2022 | 11:28 PM IST

Jet fuel (ATF) prices on Monday were cut by the steepest ever 12 per cent, the second reduction in as many weeks, on softening international oil prices amid recessionary fears. Aviation turbine fuel (ATF) prices were cut by Rs 16,232.36 per kilolitre, or 11.75 per cent, to Rs 121,915.57 per kl in the national capital, a price notification of state-run retailers showed. This is the steepest ever reduction in rates and follows a Rs 3,084.94 per kl (2.2 per cent) reduction effected on July 16. Parallelly, the rates of commercial LPG - the one used by hotels, restaurants and other business establishments - was cut by Rs 36 to Rs 1,976.50 per 19-kg cylinder. This is the fourth reduction in commercial LPG rates since May. In all, prices have come down by Rs 377.50 per 19-kg cylinder. There was no change in the price of domestic cooking gas LPG used in the household kitchens. A 14.2-kg domestic LPG cylinder costs Rs 1,053 in the national capital. While ATF prices are revised on the 1st

Updated On: 02 Aug 2022 | 12:23 AM IST