New Delhi, May 15 (IANS) The Maharashtra Government on Friday reduced value-added tax (VAT) on aviation turbine fuel (ATF) to 7 per cent from 18 per cent, offering relief to airlines grappling with rising operational costs amid global uncertainties and higher fuel prices.According to a notification issued by the state finance department, the revised VAT rate came into effect from May 15 and will remain applicable until November 14, 2026.The move marks an 11-percentage-point reduction in VAT on j…
Latest aviation fuel News & Updates
New Delhi, April 16 (IANS) International Energy Agency chief Fatih Birol on Thursday warned that air travel in Europe would be hit due to a shortage of jet fuel if the Strait of Hormuz remains closed, as stocks were already running low. Europe may have “only maybe 6 weeks or so of jet fuel left”, and there could soon be flight cancellations if supplies remained blocked, Birol told the Associated Press.Stocks would reach a tipping point in June if Europe was unable to replace at least half of its…