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

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

The levy on domestically-produced crude oil too has been increased by ₹300 per tonne to ₹13,300. The levy on domestically-produced crude oil too has been increased by ₹300 per tonne to ₹13,300. The Government has hiked the windfall profit tax on the export of diesel to ₹13.5 per litre and that on jet fuel exports […]

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‘No choice’ but to raise airfares, says SpiceJet CMD

‘No choice’ but to raise airfares, says SpiceJet CMD

Airlines had “no choice” but to raise airfares because of the increasing prices of aviation turbine fuel (ATF), SpiceJet CMD Ajay Singh said. “The sharp increase in jet fuel prices and the depreciation of the rupee have left domestic airlines with little choice but to immediately raise fares, and we believe that a minimum 10-15% […]

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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

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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