Civil Aviation Minister Jyotiraditya Scindia urges States to reduce tax on jet fuel

Civil Aviation Minister Jyotiraditya Scindia urges States to reduce tax on jet fuel

Air traffic growth will be driven by smaller cities, says Civil Aviation Minister Jyotiraditya Scindia. Air traffic growth will be driven by smaller cities, says Civil Aviation Minister Jyotiraditya Scindia. Union Civil Aviation Minister Jyotiraditya Scindia on Tuesday, October 18, 2022, said there is a huge demand for air travel after the pandemic and urged […]

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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

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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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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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

“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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Sri Lankan crisis: Over 120 aircraft made technical landing in Kerala airports

Sri Lankan crisis: Over 120 aircraft made technical landing in Kerala airports

According to experts, the technical landing of foreign carriers is also a breather for the airports which are facing financial crunch due to the pandemic. According to experts, the technical landing of foreign carriers is also a breather for the airports which are facing financial crunch due to the pandemic. Kerala airports lent a helping […]

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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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