New Delhi, March 27 (IANS) After the government on Friday cut central excise duty on petrol and diesel by Rs 10 per litre each amid the ongoing West Asia crisis, Finance Minister Nirmala Sitharaman said the move would help shield consumers from global volatility.She said the reduction was aimed at protecting citizens from a potential rise in fuel prices.”In view of the West Asia crisis, the central excise duty on petrol and diesel for domestic consumption has been reduced by Rs 10 per litre each…
Latest Aviation Turbine Fuel News & Updates
New Delhi, March 27 (IANS) As the Centre slashed excise duties on petrol and diesel by Rs 10 per litre each, bringing them down to Rs 3 per litre for petrol and zero for diesel, in a move aimed at cushioning the impact of surging global oil prices, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said the Modi government had two choices — either increase prices drastically for citizens as all other nations have done, or bear the brunt on its finances so that an Indians …
New Delhi, March 27 (IANS) The government on Friday slashed excise duties on petrol and diesel by Rs 10 per litre each, bringing them down to Rs 3 per litre for petrol and zero for diesel, in a move aimed at cushioning the impact of surging global oil prices.The government has also provided exemptions on duties for fuel exports and supplies to foreign-going aircraft.Separately, the Centre has rescinded an earlier 2022 notification and granted customs duty relief on imported aviation turbine fuel…
New Delhi, March 21 (IANS) Union Civil Aviation Minister Ram Mohan Naidu on Saturday said the government is taking steps to ensure that any impact of the ongoing war situation on the aviation sector is not passed on to passengers, even as it rolls out new passenger-friendly measures.“The impact is definitely going to be there on oil prices and Aviation Turbine Fuel (ATF), but it should not be transferred to passengers,” the minister told reporters, underlining the government’s focus on kee…
New Delhi, March 18 (IANS) Domestic liquefied petroleum gas (LPG) production has increased by 40 per cent, the government said on Wednesday, adding that supply concerns remain owing to the closing of the key oil route of the Strait of Hormuz.Petroleum and Natural Gas Ministry’s Joint Secretary, Marketing and Oil Refinery, Sujata Sharma, said during the regular briefing that petrol pumps have enough petrol and diesel stocks.”Domestic LPG production has increased by 40 per cent while no dry-outs h…
New Delhi, March 13 (IANS) India’s largest airline IndiGo on Friday announced that it will introduce a fuel surcharge on both domestic and international flight tickets starting March 14, following a sharp rise in aviation turbine fuel prices linked to tensions in the Middle East.In a statement, the airline said the surcharge will range between Rs 425 and Rs 2,300 depending on the route.The move comes as airlines face increasing operating costs due to the surge in jet fuel prices amid the ongoi…
New Delhi, March 10 (IANS) Air India group on Tuesday announced a phased expansion of fuel surcharge on its domestic and international routes, saying the move is “necessitated by the steep rise in jet fuel prices” arising from the geopolitical situation in the Gulf region.The new fuel surcharges are being implemented in three phases, covering travel on all flights, including those operated by Air India Express.In Phase 1 (for all new bookings made from 0001 hours India Standard Time on March…
New Delhi, Feb 24 (IANS) India’s aviation industry is expected to cut net losses by one-third to Rs 110–120 billion in 2026‑27 as domestic passenger traffic growth will recover to 6–8 per cent, a report said on Tuesday.The report from ICRA said the current losses at Rs. 170–180 billion will see a huge cut as domestic traffic touches 175–179 million passengers in 2026-27.The international air passenger traffic growth for Indian carriers is expected to remain relatively stronger, aided…