LONDON (Reuters) - Royal Dutch Shell plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world's airlines to reduce greenhouse gas emissions.
On Thursday, the Ministry of Civil Aviation hiked the airfare price band on flights with 90 to 120 minutes of duration to Rs 3,900, up from Rs 3,500 earlier
Prices of Avgas, which is completely imported, are over twice those of ATF; Currently there are 32 flying schools and govt wants more such to come up within the country
Non-subsidised LPG price was increased to Rs 694 per 14.2-kg cylinder from Rs 644 earlier
RIL, which operates the world's largest single location oil refining complex, plans to capture this opportunity through increased presence at airports to refuel airplanes
14.2-kg LPG cylinder costlier by Rs 11.5; while ATF prices are revised once in 15 days, LPG prices change on a monthly basis
The price of ATF in the national capital has been raised by Rs 11,030.62 to Rs 33,575.37 per kilolitre
Petrol price remained unchanged at Rs 69.59 a litre in Delhi and diesel at Rs 62.29 for the seventh day in a row
He pointed out that the bio-jet fuel is prepared from "non-edible tree borne oil" and is procured from various tribal areas of India
Finance Minister Nirmala Sitharaman will present her second budget on February 1.
The venture is expected to be formed during the first half of 2020; it aims to expand RIL's retail fuel network to 5,500 in 5 years
5 commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of GST's purview given the revenue dependence of state governments on these sectors
Sounds surreal? If things remain on track, a wild disruptive imagination from Thales, an innovation giant, may become a reality as early as in the next five years
FM Sitharaman assures sanctity of contracts
Including aviation turbine fuel and natural gas will not just help companies set off tax that they paid on input but will also bring about uniformity in taxation on the fuels in the country
State-owned fuel marketing companies revise ATF prices on the 1st of every month based on average of benchmark international oil price in the previous month
National carrier cancels one flight, reduces load on seven others after OMCs pare supplies at six airports
The hike will add to the burden of cash strapped airlines that are already reeling under pressure from cut-throat competition in the sector
The OMCs and the AAI are washing their hands of the decision to include RIL