New Delhi, July 1 (IANS) India’s largest private fuel retailer, Nayara Energy, on Wednesday reduced petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its nationwide retail network, which is the first cut in retail fuel prices since global crude oil prices began easing following the de-escalation of tensions in West Asia.However, actual retail prices will vary across states depending on local taxes, including value-added tax (VAT).The revised rates have come into effect a…
Latest ATF News & Updates
New Delhi, June 4 (IANS) Amid the evolving situation in West Asia, the Centre on Thursday assured that all refineries in the country are operating at high capacity with adequate crude inventories, while sufficient stocks of petrol, diesel, and LPG are being maintained to ensure uninterrupted supply across sectors.In a related development, the Civil Aviation Ministry announced that the Union Cabinet has approved a one-time budgetary support mechanism of up to Rs 10,000 crore to provide ATF price …
New Delhi, June 3 (IANS) Geopolitical tensions and disruptions arising from the ongoing West Asia crisis continue to weigh on the recovery of India’s aviation sector, impacting traffic, capacity deployment and overall industry profitability, a report showed on Wednesday.International passenger traffic of Indian carriers remained under pressure in April 2026 at around 1.8 million passengers, down 39 per cent year-on-year and 1 per cent month-on-month. Revenue Passenger Kilometres (RPKs) declined …
New Delhi, May 29 (IANS) Domestic air passenger traffic in India fell 2 per cent year-on-year (YoY) in April 2026 to 140.8 lakh passengers, amid geopolitical disruptions, a report said on Friday.The domestic air traffic stood at 143.1 lakh passengers in the same month last year, according to ICRA’s latest monthly report on the aviation sector.On a sequential basis, traffic was also lower by 2 per cent from 143.7 lakh passengers recorded in March 2026, the report said.The report noted that airl…
New Delhi, May 27 (IANS) IndiGo is set to reduce its domestic flight capacity by 5-7 per cent between June and August 2026, becoming the second major Indian carrier after Air India to scale back operations amid rising cost pressures and softer post-summer travel demand.The airline has also already reduced its international capacity by nearly 17 per cent as part of temporary schedule adjustments.The move comes shortly after Air India announced a 22 per cent reduction in domestic flight operations…
New Delhi, May 1 (IANS) Aviation turbine fuel (ATF) prices for foreign carriers were raised by around 5 per cent on Friday — marking the second consecutive monthly increase, even as domestic airlines were shielded from any revision.State-run oil marketing companies, including Indian Oil Corporation, revised the rates in line with elevated global energy prices.The hike applies only to international operations and foreign carriers, while ATF prices for domestic airlines remain unchanged.In Delhi,…
New Delhi, April 28 (IANS) India’s domestic air passenger traffic rose 1 per cent YoY in March 2026 to 146.8 lakh and it surged 4.4 per cent on a monthly basis, a report said on Tuesday.Domestic air passenger traffic stood at 1,677.4 lakh in FY26, up 1.4 per cent on an annual basis, the report from ICRA said.In February 2026, international passenger traffic for Indian carriers stood at 28.5 lakh, marking a decline of 0.3 per cent YoY and a sequential fall of 16 per cent.”Growth in domestic air…
New Delhi, April 28 (IANS) Indian airlines are likely to take a call on capacity cuts after the next ATF revision, as a sharp increase in jet fuel prices could force them to rationalise operations, particularly on less profitable routes, according to a report on Tuesday.Domestic carriers are in a wait-and-watch mode as they assess the impact of rising Aviation Turbine Fuel (ATF) prices and prepare for possible changes following the next price revision due in May, NDTV Profit reported.The report …
Mumbai, April 27 (IANS) Shares of InterGlobe Aviation Limited, the parent of IndiGo, opened flat with negative bias on Monday, as global brokerage UBS downgraded the stock and trimmed its price target, citing rising macroeconomic headwinds and sustained pressure on airline profitability. However, it recovered from early losses and were trading at Rs 4,560.50, down by Rs 37.40 or 0.83 per cent during noon trade.UBS lowered its rating on the stock to “neutral” from “buy” and cut its price …
New Delhi, April 11 (IANS) The Centre on Saturday increased excise duties on petroleum products, including high-speed diesel, with immediate effect, according to a notification issued by the Ministry of Finance.The Union government has hiked the export duty or windfall tax on diesel by Rs 34 per litre to Rs 55.5 per litre from Rs 21.5 per litre, with immediate effect.As per the Gazette notification, the Special Additional Excise Duty on high-speed diesel has been raised to Rs 24 per litre.In a s…