New Delhi: The civil aviation ministry has proposed slashing state taxes on jet fuel, which may significantly bring down costs for ailing local airlines that are reeling under a debt load of $20 billion and annual losses of $2 billion. The ministry has sought opinion from stakeholders on reducing state taxes on jet fuel to a uniform 4 per cent, according to a discussion paper posted on its website. Different...
08:05 PM, Jun 04, 2012
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
New Delhi: After three rounds of price hike, state-owned oil companies today announced a reduction in jet fuel prices by a marginal Rs 170 per kilolitre (kl). The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was reduced by Rs 169.3 per kl, or 0.25 per cent, to Rs 67,631 effective from Sunday midnight, Indian Oil Corp, making the announcement on behalf of the industry, said. The...
06:32 PM, Apr 15, 2012
The DGCA has put the only supplier of fuel testing accessories on notice for not following laid down testing procedures. ...
11:30 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
Mumbai: Air India is mulling direct import of jet fuel as costs have soared by about 40 per cent in the 11 months of the current financial year, denting the revenues of the debt-ridden carrier by Rs 2,000 crore. The airline is examining the idea of direct import of air turbine fuel as recently permitted by the government, to save the fuel costs, a senior Air India official said. He...
08:22 PM, Mar 11, 2012
New Delhi: Meeting a key demand of the cash-strapped airline industry, the government on Wednesday issued the notification allowing private airlines to import jet fuel or ATF directly. Air carriers interested in importing the aviation turbine fuel (ATF), instead of buying from local refiners, would have to apply to the Directorate General of Foreign Trade (DGFT) for an import licence, an official press statement said in New Delhi. A Group...
06:50 PM, Feb 22, 2012
New Delhi: In what comes as good news for the aviation sector, the airline companies will soon be allowed to import jet fuel directly. The announcement was made on Tuesday by Union Civil Aviation Minister Ajit Singh following a meeting of the Group of Ministers. The Cabinet is likely to take a final view on the issue soon as direct import of ATF will require its go-ahead. According to sources,...
02:02 PM, Feb 07, 2012
New Delhi: State-owned oil companies on Thursday snapped supplies of jet fuel (ATF) to Air India after the national carrier failed to honour payments even after 90-day credit period. "All three oil companies (Indian Oil, Bharat Petroleum and Hindustan Petroleum) have stopped ATF supplies to Air India at the four metros, Trivandrum and Kochi from 1600 hours," an oil company official said. The move follows Air India not honouring its...
04:55 PM, Feb 02, 2012
New Delhi: State-owned oil companies on Tuesday slashed jet fuel prices by over 3 per cent as an appreciating rupee made imports cheaper. The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was cut by Rs 1,974 per kilolitre (kl), or 3.02 per cent, to Rs 62,908 per kl with effect from midnight tonight, an official of the nation's largest fuel retailer Indian Oil Corporation said. The...
06:49 PM, Jan 31, 2012
New Delhi: After three consecutive price hikes, state-owned oil companies on Thursday cut jet fuel rates by 1.3 per cent in step with softening in commodity's international rates. The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was cut by Rs 833 per kilolitre (kl), or 1.3 per cent, to Rs 63,739 per kl, with effect from midnight, an official of Indian Oil corp, the nation's largest...
07:06 PM, Dec 15, 2011
New Delhi: State-owned oil companies on Tuesday hiked jet fuel prices for the second time this month, raising rates by a steep 2 per cent with effect from midnight. "The price of aviation turbine fuel (ATF), or jet fuel, at Delhi's T3 airport was raised by Rs 1,195 per kilolitre (kl), or 1.95 per cent, to Rs 62,310.33 per kl with effect from midnight tonight, an official of Indian Oil...
08:07 PM, Nov 15, 2011
New Delhi: After two consecutive price cuts, state-owned oil companies on Thursday hiked jet fuel, or ATF, price by 2.5 per cent in line with firming of international oil rates. Aviation Turbine Fuel (ATF) price at Delhi's T3 airport was hiked by Rs 1,429 per kilolitre (kl), or 2.5 per cent, to Rs 57,689 per kl with effect from Thursday midnight, said an official of Indian Oil, the nation's largest...
06:11 PM, Sep 15, 2011
New Delhi: After a brief lull, state-owned oil firms on Sunday hiked jet fuel, or ATF, prices by a steep 2.7 per cent, in line with firming rates in international markets. The Aviation Turbine Fuel (ATF) price in Delhi has been hiked by Rs 1,520 per kilolitre (kl), or 2.69 per cent, to Rs 57,844 per kl with effect from Sunday midnight, an official of Indian Oil Corp, the nation's...
06:40 PM, Jul 31, 2011
Oil PSUs slashed aviation fuel prices by almost six per cent on Wednesday. ...
07:53 PM, Jul 15, 2009
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