Mumbai: Kingfisher Airlines has begun the process of importing aviation fuel, the company said, in a move that could help the cash-strapped carrier bring down its fuel bill but present substantial and costly logistical challenges. High fuel prices are just one of the issues plaguing India's ailing airline industry, but a recent decision allowing direct import of jet fuel by airlines is no panacea due to the large costs of...
05:44 PM, Apr 19, 2012
10:41 PM, Apr 03, 2012
New Delhi: State-owned oil companies on Saturday hiked jet fuel price by about 3 per cent, the third time they have increased rates this month. The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was hiked by Rs 1,850.96 per kilolitre (kl), or 2.8 per cent, to Rs 67,800.30 per kl with effect from midnight on Saturday night, Indian Oil Corp, making the announcement on behalf of...06:36 PM, Mar 31, 2012
New Delhi: As the government mulls allowing Kingfisher Airlines to import ATF directly, oil companies have opposed the move saying the proposal was "bad economics" for the beleaguered airline in view of high taxes and handling cost. In a detailed response to the application made by Kingfisher to import aviation turbine fuel (ATF) directly, oil firms stated that India is surplus in jet fuel and exports half of its production...10:52 AM, Jan 15, 2012
New Delhi: For the 10th fortnight in a row, state-owned oil firms on Monday raised jet fuel price by 3.4 per cent in line with spike in crude oil prices. Aviation turbine fuel (ATF) rates in Delhi have been hiked by Rs 1,870 per kilolitre, or 3.4 per cent, to Rs 54,933 per kl with effect from midnight tonight, an official of Indian Oil Corp, the nation's largest fuel retailer,...08:36 PM, Feb 28, 2011
This is the third time in a month that prices have been increased. ...01:32 AM, Apr 16, 2009
Will airlines cut ticket prices too? There's no official word on that yet. ...09:02 PM, Nov 15, 2008
Oil refiners say they could lose potential revenue of as much as Rs 1,000 crore. ...11:52 PM, Nov 06, 2008
The aviation industry is likely to incur a loss of $2 billion this year. ...08:30 AM, Jun 06, 2008
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