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New Delhi, Apr 1 (PTI) Aviation stocks were in the limelight on Wednesday, with InterGlobe Aviation climbing 6 per cent, after only a partial increase in jet fuel prices. InterGlobe Aviation, the parent firm of IndiGo, after starting the trade on a positive note, further jumped 9.84 per cent to Rs 4,332 during the day on the BSE. The stock finally ended at Rs 4,180.90, up 6.01 per cent. The stock of SpiceJet ended at Rs 9.93, up 1.95 per cent. During the day, it surged 4.72 per cent to Rs 10.2 ...Read More >
New Delhi [India], April 1 (ANI): Civil Aviation Ministry Joint Secretary Asangba Chuba Ao on Wednesday said that the government's decision to allow only a partial increase of 25% on Aviation Turbine Fuel (ATF) prices for domestic airlines provides "critical relief", and the move will "prevent a potential industry-wide crisis". "This morning, there was a very significant announcement by the Ministry of Petroleum and Natural Gas regarding prices of ATF, that is, aviation turbine fuel. The Indian ...Read More >
New Delhi, Apr 1 (PTI) Aviation turbine fuel (ATF) prices for domestic airlines were raised by a calibrated 8.5 per cent on Wednesday, instead of more than doubling as warranted by a war-driven surge in global oil prices, even as rates for commercial LPG and premium petrol were also increased amid firm energy trends. ATF or jet fuel for domestic carriers was hiked by Rs 8,289.04 per kilolitre, or 8.56 per cent, to Rs 1,04,927.18 per kl from Rs 96,638.14 per kl last month, according to state-own ...Read More >
New Delhi, Apr 1 (PTI) The government's decision on limited hike of jet fuel price ensures that carriers' domestic operational costs remain manageable and will not lead to additional fuel surcharge, an official said on Wednesday. Asangba Chuba Ao, joint secretary at the civil aviation ministry, said with the partial hike in aviation turbine fuel (ATF) price, airlines would recalibrate their pricing and the move prevents a potential industry-wide crisis. ATF accounts for around 40 per cent of a ...Read More >
New Delhi, April 1 (Reuters): Indian fuel retailers raised jet fuel and commercial liquefied petroleum gas (LPG) prices on Wednesday, following a sharp spike in global prices due to the U.S.-Israeli war on Iran. India, the world's second-largest LPG importer, is battling its worst gas crisis in decades, with the government cutting supplies for industries to shield households from cooking gas shortages. Domestic fuel retailers have raised prices of aviation turbine fuel by 8.6% to 104,927 rupee ...Read More >
NEW DELHI: The impact of the West Asia war between Iran and Israel has started taking a toll in India, as the country has significantly increased the prices of commercial LPG cylinders, Aviation Turbine Fuel (ATF), and premium petrol and diesel on Wednesday. For the first time, Aviation Turbine Fuel (ATF), or jet fuel -- which constitutes 40% of the total operational expenditure of airlines -- was more than doubled, rising 115% to a record ₹2.07 lakh per kilolitre on Wednesday from March levels ...Read More >
India's oil ministry said Wednesday (Apr 1) that domestic jet fuel prices would rise as the Middle East war pushed up energy costs, but that it had cushioned airlines from an expected 100 per cent jump. Aviation turbine fuel (ATF) makes up a substantial chunk of airlines' expenses, and sustained increases could translate into higher airfares. State-run refiner Indian Oil Corporation said that ATF prices rose by 8.5 per cent in the capital Delhi, with similar rises in other major cities. "Due ...Read More >
The Australia Today -India's surge in refined diesel exports is emerging as an important pressure valve for Australia's fuel market, helping keep regional supply moving at a time when diesel shortages and price shocks have rattled service stations across the country. Shipping data reported by Reuters shows India's diesel exports to Southeast Asia climbed to a more than seven-year high in March, with traders specifically tapping Indian supply for Southeast Asia and Australia after the war-linked ...Read More >
NEW DELHI: India's oil ministry said today that domestic jet fuel prices would rise as the Middle East war pushed up energy costs, but that it had cushioned airlines from an expected 100% jump. Aviation turbine fuel (ATF) makes up a substantial chunk of airlines' expenses, and sustained increases could translate into higher airfares. State-run refiner Indian Oil Corporation said that ATF prices rose by 8.5% in the capital Delhi, with similar rises in other major cities. "Due to the closure of ...Read More >
New Delhi [India], April 1 (ANI): Shiv Sena (UBT) leader Priyanka Chaturvedi on Wednesday criticised the Centre over the recent increase in commercial LPG cylinder prices, stating that the burden of the hike will ultimately fall on the public and contribute to rising inflation. Speaking to ANI, Chaturvedi highlighted that the decision would impact small business owners, and questioned that when the oil was bought at a lower price, the common people didn't get its benefit; however, as soon as it ...Read More >
Hyderabad: Telangana Chief Minister A Revanth Reddy on Wednesday, April 1, urged the people of Kerala not to vote for the Liberal Democratic Front (LDF), adding that CM Pinarayi Vijayan is a shadow of Prime Minister Narendra Modi. He remarked while beginning a two-day campaign for Congress ahead of Kerala Assembly elections on April 9. As part of the campaign, Reddy held a road show in Nemon constituency, where he cautioned voters against voting for Liberal Democratic Front alleging that a vot ...Read More >
New Delhi [India], April 1 (ANI): Congress president Mallikarjun Kharge on Wednesday launched a blistering attack on the Prime Minister Narendra Modi government, accusing it of "wrecking the country's strategic and economic policies" and transferring the burden of global fuel volatility onto ordinary Indians. In a post on X, Kharge said the latest hikes in commercial fuel prices and cost increases across essential sectors would squeeze 1.4 billion citizens. Also Read | Rajasthan IAS Reshuffles ...Read More >
New Delhi, Apr 1 (PTI) ATF or jet fuel prices more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, but state-owned oil companies passed on only a fraction of the increase to domestic airlines, adopting a calibrated approach to dealing with the war-linked surge in global oil prices. Aviation turbine fuel (ATF) price was increased by 8.5 per to Rs 104,927.18 per kl for domestic airlines, according to state-owned oil firms. ATF price for domestic airlines in Delhi was hiked by R ...Read More >
NEW DELHI: India's Ministry of Petroleum announced significant price increases for aviation turbine fuel and commercial cooking gas on Wednesday. The hikes are a direct consequence of soaring global energy costs driven by the ongoing Middle East war. The ministry stated that aviation fuel prices for the domestic market were expected to more than double. This anticipated 100% surge was attributed to the "extraordinary situation" in global markets and the closure of the Strait of Hormuz. This ...Read More >
New Delhi: Aviation turbine fuel commonly known as jet fuel has crossed the Rs 2 lakh per kilolitre mark in the country, in a first, following a sharp rise in crude oil prices triggered by geopolitical crisis in West Asia. According to industry data, ATF prices saw an unprecedented surge due to disruptions in global energy supply chains and rising benchmark crude prices. The spike is expected to significantly increase operational costs for airlines. The price rise comes amid volatility in glob ...Read More >
New Delhi [India], April 1 (ANI): Congress president Mallikarjun Kharge on Wednesday launched a blistering attack on the Prime Minister Narendra Modi government, accusing it of "wrecking the country's strategic and economic policies" and transferring the burden of global fuel volatility onto ordinary Indians. In a post on X, Kharge said the latest hikes in commercial fuel prices and cost increases across essential sectors would squeeze 1.4 billion citizens. "The Modi government has completely ...Read More >
New Delhi, April 1 (SocialNews.XYZ) Congress National President Mallikarjun Kharge on Wednesday launched a sharp attack on the Centre over the "rising prices of essential commodities", including LPG, air travel, and medicines, accusing the government of economic mismanagement. In a post on X, Kharge said, "The Modi government has completely dismantled the country's strategic and economic policies -- a direct consequence of which is now being borne by 1.4 billion Indians." Referring to recent p ...Read More >
New Delhi, Apr 1: Price of aviation turbine fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday while commercial LPG rates were raised by Rs 195.50 per cylinder, mirroring the surge in global oil prices linked to the widening West Asia conflict. ATF price in Delhi was hiked by Rs 110,703.08 per kilolitre, or 114.5%, to Rs 207,341.22 per kl, according to state-owned fuel retailers. This is the first time ever that ATF prices have crossed Rs 2 lakh ...Read More >
New Delhi (IANS): PSU oil marketing giant Indian Oil Corporation (IOC) has raised the prices of its premium fuels in the national capital, though prices for standard auto fuels remain unchanged. IOC now prices XP100 petrol at Rs 160 per litre, up from Rs 149. Luxury vehicle owners and high-performance motorcyclists typically use this high-octane fuel to boost engine efficiency. Similarly, the company increased the price of Xtra Green diesel (premium diesel) to Rs 92.99 per litre in Delhi, up fr ...Read More >
ATF Prices in India: The Union Government has announced that the hike on aviation turbine fuel (ATF), or jet fuel, would not be as big as initially reported on media. Previously, it was suggested that the ATF prices would be increased by more than a double to more than Rs. 2 lakh per kilolitre due to the ongoing Middle East crisis. A clarification has been issued by Indian Oil that the ATF prices have been increased by approximately 8.5 percent and not 115 percent as indicated previously. Prese ...Read More >
India today (1 April) increased the prices of commercial LPG and jet fuel on the back of a surge in global oil prices linked to the West Asia conflict. The price of a 19-kg commercial LPG cylinder has been hiked by Rs 195.50, and it now costs Rs 2,078.50 in Delhi, according to state-owned oil companies. This is the second time that rates of commercial LPG, which are used mostly by restaurants, roadside dhabas and small hotels, were hiked in a month. The last increase came on 1 March when it we ...Read More >
New Delhi (IANS): The government announced on Wednesday that domestic airfares should remain stable. Officials cushioned the impact of surging aviation turbine fuel (ATF) prices by allowing domestic airlines only a partial price increase. The Ministry of Petroleum and Natural Gas (MoPNG) noted that India has deregulated ATF prices since 2001, revising them monthly based on international benchmarks. Current geopolitical tensions threatened to drive domestic ATF prices up by more than 100 percent ...Read More >
Amid rising fuel prices due to the Middle East war, Civil Aviation Minister Ram Mohan Naidu has appealed to state governments to reduce the Value Added Tax (VAT) on Aviation Turbine Fuel (ATF). Sources told India Today that Naidu has reached out to state Chief Ministers, urging them to reduce the tax burden and provide relief to airlines as well as passengers. His outreach comes just before ATF prices will be revised on April 1, which will lead to a spike in airfares. "States such as Delhi hav ...Read More >
New Delhi, April 1 (SocialNews.XYZ) The government on Wednesday said that domestic airfares are unlikely to see a sharp rise as it has cushioned the impact of a steep surge in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines. According to the Ministry of Petroleum and Natural Gas (MoPNG), ATF prices in India -- deregulated since 2001 -- are revised monthly based on international benchmarks. Given the current geopolitical situation, ATF prices for dome ...Read More >
NEW DELHI - Indian fuel retailers raised jet fuel and commercial liquefied petroleum gas (LPG) prices on April 1, following a sharp spike in global prices due to the Iran war. India, the world's second-largest LPG importer, is battling its worst gas crisis in decades, with the government cutting supplies for industries to shield households from shortage of cooking gas. Domestic fuel retailers have hiked prices of aviation turbine fuel by 8.58 per cent to 104,927 rupees (S$1,430) per kilolitre ...Read More >
New Delhi, Apr 1 (PTI) Civil Aviation Minister K Rammohan Naidu on Wednesday said public sector oil marketing companies' decision to implement a partial and staggered increase in jet fuel prices for domestic airlines will help in shielding passengers from sharp fare hikes. Aviation Turbine Fuel (ATF) accounts for around 40 per cent of an airline's operational costs. Naidu said that with ATF prices have been deregulated since 2001 and revised monthly based on international benchmarks. Facing e ...Read More >
New Delhi, Apr 1 (PTI) Aviation stocks were in high demand in morning trade on Wednesday, with InterGlobe Aviation climbing over 9 per cent, despite jet fuel price hike. InterGlobe Aviation, the parent firm of IndiGo, after starting the trade on a positive note further jumped 9.41 per cent to Rs 4,315 on the BSE. The stock of SpiceJet surged 4.72 per cent to Rs 10.20. Price of Aviation Turbine Fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, ...Read More >
NEW DELHI: The central government issued clarification on jet fuel price hike as it capped the increase in aviation turbine fuel (ATF) prices for domestic airlines to 25% on Wednesday. Citing tensions in the Middle East and closure of the Strait of Hormuz triggered by US-Israeli strike on Iran, the Centre called it "only a partial and staggered increase"."ATF prices in India were deregulated in 2001 and are revised on monthly basis based on a formula of international benchmarks. Due to the closu ...Read More >
New Delhi, April 1: PSU oil marketing major Indian Oil Corporation (IOC) has increased the prices of its premium fuels in the national capital. XP100 petrol is now priced at Rs 160 per litre, up from Rs 149 earlier. The high-octane fuel is primarily used in luxury vehicles and high-performance motorcycles to enhance engine efficiency. Similarly, the company has raised the price of Xtra Green diesel (premium diesel), which now costs Rs 92.99 per litre in Delhi, compared to Rs 91.49 previously. H ...Read More >
New Delhi, Apr 1 (PTI) Price of Aviation Turbine Fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, mirroring the surge in global oil prices last month, but for domestic airlines, the increase would only be 8.5 per cent. Domestic airlines will pay half of what other carriers such as non-scheduled, adhoc and charter would pay. For them the prices have gone up by Rs 110,703.08 per kl, or 114.5 per cent, to Rs 207,341.22 per kl. Jet fuel prices wer ...Read More >
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