Tag: ATF

Centre hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Centre hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

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Finance Ministry hikes export taxes on crude, diesel and ATF after lowering tax rates for two consecutive fortnights mirroring fall in global crude prices Finance Ministry hikes export taxes on crude, diesel and ATF after lowering tax rates for two consecutive fortnights mirroring fall in global crude prices The government on Saturday hiked the windfall […]

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Centre hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Centre hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

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Finance Ministry hikes export taxes on crude, diesel and ATF after lowering tax rates for two consecutive fortnights mirroring fall in global crude prices Finance Ministry hikes export taxes on crude, diesel and ATF after lowering tax rates for two consecutive fortnights mirroring fall in global crude prices The government on Saturday hiked the windfall […]

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ATF price cut 4.5%, commercial LPG rates down ₹25.5

ATF price cut 4.5%, commercial LPG rates down ₹25.5

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This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices Jet fuel (ATF) price on Saturday was slashed by 4.5% and that of commercial LPG used in […]

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Higher ATF prices, Rupee depreciation likely to pose threat to domestic carriers’ recovery: Report

Higher ATF prices, Rupee depreciation likely to pose threat to domestic carriers’ recovery: Report

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“In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating expenses are U. S. dollar driven,” as per ICRA. “In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating […]

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Aviation stocks fly high as government lifts domestic airfare caps

Aviation stocks fly high as government lifts domestic airfare caps

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ATF prices too have been coming down during the last few weeks after jumping to record levels ATF prices too have been coming down during the last few weeks after jumping to record levels Aviation stocks were in heavy demand on Thursday, a day after the Civil Aviation Ministry said that domestic airfare caps will […]

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Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman

Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman

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A ₹6 per litre tax on export of petrol and ATF and ₹13 per litre tax on export of diesel is effective from July 1. A ₹6 per litre tax on export of petrol and ATF and ₹13 per litre tax on export of diesel is effective from July 1. Finance Minister Nirmala Sitharaman on […]

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Minimum 10-15% increase in airfares must due to ATF price increase, rupee slide: SpiceJet CMD

Minimum 10-15% increase in airfares must due to ATF price increase, rupee slide: SpiceJet CMD

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The fuel prices have been rising since the Russia-Ukraine war broke out on February 24 The fuel prices have been rising since the Russia-Ukraine war broke out on February 24 The sharp increase in aviation turbine fuel (ATF) prices and the depreciation of the rupee have left the domestic airlines with no choice but to […]

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Domestic air passenger traffic logs estimated 83% growth in April: ICRA

Domestic air passenger traffic logs estimated 83% growth in April: ICRA

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ICRA said rising aviation turbine fuel prices due to ongoing geo-political issues linked to the Russia-Ukraine conflict continue to evolve as a major threat to the recovery process ICRA said rising aviation turbine fuel prices due to ongoing geo-political issues linked to the Russia-Ukraine conflict continue to evolve as a major threat to the recovery […]

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