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,…
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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…
New Delhi, April 1 (IANS) More than 3.9 lakh 5 kg FTL (free trade LPG) cylinders have been sold since March 23, and over 65,000 5 kg FTL cylinders were sold yesterday, the government said on Wednesday.Supply of LPG continues to be affected due to the prevailing geopolitical situation, but there has been no increase in price for domestic LPG consumers, said the government during the inter-ministerial briefing.”No dry-out has been reported at LPG distributorships. Online LPG bookings have increase…
New Delhi, April 1 (IANS) Congress National President Mallikarjun Kharge on Wednesday launched a sharp attack on the Centre over the “rising prices of essential commodities”, including LPG, air travel, and medicines, accusing the government of economic mismanagement.In a post on X, Kharge said, “The Modi government has completely dismantled the country’s strategic and economic policies — a direct consequence of which is now being borne by 1.4 billion Indians.”Referring to recent price revisions…
New Delhi, April 1 (IANS) The government on Wednesday said that domestic airfares are unlikely to see a sharp rise as it has cushioned the impact of a steep surge in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines.According to the Ministry of Petroleum and Natural Gas (MoPNG), ATF prices in India — deregulated since 2001 — are revised monthly based on international benchmarks. Given the current geopolitical situation, ATF prices for domestic markets…
New Delhi, April 1 (IANS) PSU oil marketing major Indian Oil Corporation (IOC) has increased the prices of its premium fuels in the national capital.XP100 petrol is now priced at Rs 160 per litre, up from Rs 149 earlier. The high-octane fuel is primarily used in luxury vehicles and high-performance motorcycles to enhance engine efficiency.Similarly, the company has raised the price of Xtra Green diesel (premium diesel), which now costs Rs 92.99 per litre in Delhi, compared to Rs 91.49 previously…
Chandigarh, March 27 (IANS) Punjab BJP President Sunil Jakhar on Friday expressed gratitude to Prime Minister Narendra Modi for taking a major decision to provide relief to the general public in view of rising global fuel prices. The excise duty on petrol has been reduced from Rs 13 to Rs 3 per litre, while the Rs 10 duty on diesel has been completely removed. Due to ongoing tensions in West Asia, crude oil prices have surged from around $70 per barrel to nearly $122 per barrel over the past mon…