New Delhi, July 16 (IANS) The Centre has raised windfall taxes on exports of diesel and aviation turbine fuel (ATF) while lowering the levy on petrol exports, as surging global oil prices driven by the escalating US-Iran conflict boosted refining margins, with the revised rates taking effect from Thursday.According to a Finance Ministry notification, the export duty on diesel has been increased to Rs 15.5 per litre from Rs 8.5 per litre, while the levy on aviation turbine fuel has been raised to…
Latest Aviation Turbine Fuel News & Updates
Indore, July 15 (IANS) Chief Minister Mohan Yadav will flag off Madhya Pradesh’s first international air service on Wednesday from Indore, marking a historic milestone in the state’s aviation growth. The inaugural flight under the Madhya Pradesh Civil Aviation Policy-2025 will connect Indore directly to Abu Dhabi, the capital of the United Arab Emirates (UAE). Operated by Air India Express, which is a Tata Group company, the Indore-Abu Dhabi flight will operate four days a week — on Monday…
New Delhi, July 1 (IANS) State-owned oil marketing companies (OMCs) have reduced aviation turbine fuel (ATF) prices by nearly Rs 5 per litre, effective from Wednesday, following a decline in international crude oil prices after easing geopolitical tensions in West Asia.According to the latest price notification, the price of jet fuel in Delhi has been cut to about Rs 110 per litre, coming into effect from July 1.The latest price cut is expected to lower operating costs for domestic carriers, alt…
New Delhi, July 1 (IANS) The government has revised the windfall tax on exports of petroleum products, raising the levy on petrol while reducing the duty on diesel and aviation turbine fuel (ATF), with the changes taking effect from Wednesday.According to a Finance Ministry notification, the revised rates — which came into effect from July 1 — increase the Special Additional Excise Duty (SAED) on petrol exports to Rs 4 per litre from Rs 1.5 per litre earlier.At the same time, the export duty o…
New Delhi, June 3 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved one-time budgetary support of Rs 10,000 crore for Oil Marketing Companies (OMCs) to provide ATF price stabilisation support to Scheduled Indian Airlines for their domestic and international operations amid the West Asia crisis.The budgetary support will be in the form of interest-free advances to OMCs through the Demands for Grants of the Ministry of Petroleum and Natural Gas. It will shiel…
New Delhi, May 27 (IANS) Air India has reduced the number of flights on some domestic routes between June and August as the loss-making airline struggles to cut costs amid soaring fuel prices triggered by the Middle East conflict, a statement said on Wednesday.The Tata Group-owned airline said in the statement that the move follows its earlier decision to scale back certain international services.”In continuation of our previously announced adjustments to select international services between Ju…
New Delhi, May 16 (IANS) The Delhi government Cabinet headed by Chief Minister Rekha Gupta has decided to reduce the VAT rate on Aviation Turbine Fuel (ATF) in the National Capital Region from 25 per cent to 7 per cent, an official said on Saturday. This concessional rate will initially be applicable for a period of six months and may help in preventing a spike in airfares in view of the global oil supply disruption due to the Iran conflict, said the official.In another development, Chief Minist…
New Delhi, May 16 (IANS) The Delhi government on Saturday announced a major reduction in Value Added Tax (VAT) on Aviation Turbine Fuel (ATF), bringing the levy down from 25 per cent to 7 per cent in a move aimed at easing operational costs for airlines and providing relief to air passengers.According to the Chief Minister’s Office, the decision is expected to lower fuel expenses for carriers operating from the national capital and help improve the overall viability of airline operations.“De…
New Delhi, May 16 (IANS) The government has revised export taxes on petroleum products, imposing a special additional excise duty (SAED) of Rs 3 per litre on petrol exports while reducing the duty on diesel to Rs 16.5 per litre, effective from Saturday.The notification by the Ministry of Finance stated that the entry of Rs 3 per litre shall be substituted for petrol exports, while diesel has been revised to Rs 16.5 per litre.It further said the road and infrastructure cess has been reduced to ze…
Mumbai, May 15 (IANS) The Maharashtra government announced a significant reduction in the Value Added Tax on Aviation Turbine Fuel, effective from May 15 and applicable until November 14, 2026. The state Finance Department issued a notification lowering the tax rate to 7 per cent, down from the previous 18 per cent.This 11-percentage-point cut is intended to provide temporary relief to airlines and help stabilise surging airfares during the peak summer travel season.Finance Department sources sa…