Page 2 - Jet Fuel

Jet fuel price cut by 1.3%, commercial LPG rate reduced by Rs 135

Jet fuel prices on Wednesday were cut by 1.3 per cent -- the first reduction after 10 rounds of price hikes -- on softening international crude oil rates.

Jet fuel prices at all-time high with 5.3% hike; 10th increase this year

The price of aviation turbine fuel (ATF) was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to Rs 1,23,039.71 per kl (Rs 123 per litre) in the national capital

India's petrol, diesel sales rebound in May as pick-up in economic activity

Petrol sales grew 14 per cent during the first half of May when compared with the same period in the preceding month, while diesel demand rose 1.8 per cent

African airlines join forces to stave off potential jet-fuel price crisis

A committee has been formed -- including major carriers such as South African Airways and Kenya Airways -- to secure deliveries for 12 months starting in July

Nigeria is first nation to halt domestic flights over soaring fuel prices

Nigeria's 23 airlines say they have been "subsidizing" flights for the past four months and can no longer absorb the costs after the price of aviation fuel more than tripled to 700 naira per liter

India's fuel sales fall in April first half after record rise in prices

Petrol sales fell almost 10 per cent in the first half of April when compared with the same period in the preceding month, while diesel demand slid 15.6 per cent

Aviation turbine fuel price rises marginally, rates at record high

Meanwhile, petrol and diesel prices remained unchanged for the 10th straight day after rising by a record Rs 10 per litre each.

Airline CEOs bat for lower taxes, better infra to tide over ATF price hike

They say 21% of an airline's revenue goes straight to govt by way of taxes; want improved processes in order to become hubs for global travel

SpiceJet, GMR group announce sustainable aviation fuel initiatives

Globally, International Air Transport Association has set a target for airlines to achieve net zero emissions by 2050

ATF price hiked by steepest ever 18% to all-time high as crude oil surges

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

ATF price hiked by 3.3% to all-time high levels; fifth increase this year

Jet fuel prices on Tuesday were increased by 3.3 per cent to all-time high levels across the country, in step with international oil prices surging to over seven-year-high. This is the fifth hike in jet fuel or Aviation Turbine Fuel (ATF) prices this year following an unrelenting rise in global oil prices, but petrol and diesel prices remained unchanged for a record 116th day in a row, coinciding with electioneering to elect new governments in states like Uttar Pradesh and Punjab. ATF price was hiked by Rs 3,010.87 per kilolitre or 3.22 per cent to Rs 93,530.66 per kl in the national capital, according to a price notification of state-owned fuel retailers. 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 previous peak of Rs 71,028.26 per kl was recorded in August 2008 when international crude oil prices touched USD 147 per barrel. Brent crude oil on Tuesday was trading above USD 100 per barrel. ATF prices hav

Aviation turbine fuel prices climb to record high after 5.2% hike

ATF price was hiked by Rs 4,481.63 per kilolitre or 5.2 per cent to Rs 90,519.79 per kl in the national capital, according to a price notification of state-owned fuel retailers

Airlines to raise fuel surcharges on international routes in March

South Korean airlines are set to raise fuel surcharges on international routes next month as jet fuel prices rise at a faster pace, industry people said on Wednesday.

IndiGo terms Budget 2022 as growth-oriented, expects duty cut on jet fuel

Budget carrier IndiGo termed the Union Budget 2022-23 as "growth-oriented" while expecting a cut in the excise duty on jet fuel.

Gujarat govt announces reduction in VAT on aviation turbine fuel by 20%

The Gujarat government on Tuesday announced a 20 per cent reduction in value-added tax (VAT) on aviation turbine fuel (ATF) to bring the levy at 5 per cent in a move to boost tourism in the state.

IOC gets Rs 2,281 crore as Air India clears 80% of jet fuel dues

State-owned fuel company lists recovery from carrier and increasing air traffic as positives for its business.

Karnataka government reduces VAT on aviation turbine fuel to 18%

The decision will bring relief to airlines and help airlines reduce their fuel expenses

Nevada airport faces cargo, passenger flight delays from jet fuel shortage

The airport serving Nevada's second largest metro area faces a shortage of jet fuel that could force the cancellation of cargo and passenger fights that could restrict the flow essential goods

Air travel may become expensive as jet fuel price increases again

State-run refiners increased the jet fuel prices on Friday adding more worries to the Indian carriers struggling to reboot operations after extensive disruptions due to the fresh wave of pandemic

HPCL Aviation wing commissions fuel station at Assam's Rupsi Airport

Hindustan Petroleum Corporation Ltd (HPCL) Aviation wing has commissioned its aviation fuel station at Rupsi Airport in Assam's Kokrajhar district