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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 >
Mumbai (Maharashtra) [India], April 1 (ANI): The stock markets closed on a strong footing on the first day of the new financial year FY27, with benchmark indices witnessing a broad-based rally across sectors, even as underlying geopolitical tensions continue to keep investors cautious. The Nifty 50 index closed at 22,679.40, gaining 348 points or 1.56 per cent, while the BSE Sensex ended at 73,134.63, up by 1,186 points or 1.84 per cent. Also Read | Hapur Shocker: 7-Year-Old Boy Locked in Deep ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The stock markets closed on a strong footing on the first day of the new financial year FY27, with benchmark indices witnessing a broad-based rally across sectors, even as underlying geopolitical tensions continue to keep investors cautious. The Nifty 50 index closed at 22,679.40, gaining 348 points or 1.56 per cent, while the BSE Sensex ended at 73,134.63, up by 1,186 points or 1.84 per cent. Market participants remained optimistic during the sessi ...Read More >
Mumbai: Indian stock markets ended Wednesday's session on a strong note, although they gave up a large part of their early gains as optimism around easing tensions between the US and Iran faded later in the day. The benchmark indices Nifty and Sensex both closed higher, snapping their two-day losing streak. The Nifty settled at 22,679.40, up 348 points or 1.56 per cent, while the Sensex rose 1,186.77 points or 1.65 per cent to end at 73,134.34. Commenting on Nifty technical outlook, experts s ...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 >
Mumbai (Maharashtra) [India], April 1: Mumbai-based 'Falcon Technoprojects India Limited' is a leading company providing mechanical, electrical and plumbing services at the national level. The company is raising Rs. 21.43 crore through a rights issue. The company has received in-principle approval from NSE Emerge for the rights issue. The team of Business Remedies has gathered information about the company's business activities from the company's investor presentation. Also Read | Rohit Shetty ...Read More >
New Delhi: The Ministry of Petroleum and Natural Gas clarified on Wednesday that only the price of commercial LPG have been increased in the country, while that of domestic LPG has been left unchanged to protect households from the sharp rise in the cost at which the cooking gas is being imported amid disruptions due to the Iran war. "Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis. Their consumption i ...Read More >
PNN Mumbai (Maharashtra) [India], April 1: Mumbai-based 'Falcon Technoprojects India Limited' is a leading company providing mechanical, electrical and plumbing services at the national level. The company is raising Rs. 21.43 crore through a rights issue. The company has received in-principle approval from NSE Emerge for the rights issue. The team of Business Remedies has gathered information about the company's business activities from the company's investor presentation. Business Activities: ...Read More >
New Delhi, April 1: The Ministry of Petroleum and Natural Gas clarified on Wednesday that only the price of commercial LPG have been increased in the country, while that of domestic LPG has been left unchanged to protect households from the sharp rise in the cost at which the cooking gas is being imported amid disruptions due to the Iran war. "Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis. Their cons ...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], April 1 (ANI): Aviation companies have welcomed the government's decision to allow only a partial increase in Aviation Turbine Fuel (ATF) prices, saying the move will help maintain stability in airfares and provide relief to both airlines and passengers amid rising global uncertainties. In an official statement, IndiGo expressed gratitude to the government, stating, "We would like to thank the Hon'ble Prime Minister for such a significant step for all of us. We would also lik ...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 [India], April 1 (ANI): Aviation companies have welcomed the government's decision to allow only a partial increase in Aviation Turbine Fuel (ATF) prices, saying the move will help maintain stability in airfares and provide relief to both airlines and passengers amid rising global uncertainties. In an official statement, IndiGo expressed gratitude to the government, stating, "We would like to thank the Hon'ble Prime Minister for such a significant step for all of us. We would also lik ...Read More >
New Delhi, Apr 1 (PTI) IndiGo on Wednesday said the partial hike in ATF price will help insulate the domestic air travel costs amid the rise in fuel costs due to the Middle East conflict. In a statement, the airline said, "it was reviewing the impact of this revised ATF price on April 1 on its operating cost and will appropriately announce its revised fuel charges shortly." PSU oil marketing companies, under the Ministry of Petroleum in consultation with the Ministry of Civil Aviation, decided ...Read More >
New Delhi [India], April 1 (ANI): Amid global surge in crude and gas prices the government has revised prices of commercial LPG cylinders and premium petrol and diesel prices. Prices of Commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis, stated the Ministry of Petroleum & Natural Gas. "Prices of Commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a mo ...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 >
Bhubaneswar: The Comptroller and Auditor General (CAG) has criticised the Odisha government for serious lapses in revenue realisation and financial management, leading to non-remittance of over Rs 5,000 crore. According to its latest State Finances Audit Report for 2024-25, which was tabled in the Odisha Legislative Assembly, 27 profit-making State PSUs failed to remit dividends totalling Rs 5,146.76 crore, in clear violation of the state's dividend policy. The Finance Department did not even r ...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 >
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 >
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 - 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 [India], April 1 (ANI): Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Wednesday welcomed the government's decision to allow only a partial increase in Aviation Turbine Fuel (ATF) prices for domestic airlines, describing it as a timely measure to ease pressure on passengers and the aviation sector. In a post on X, Kinjarapu wrote, "With ATF prices in India--deregulated since 2001 and revised monthly based on international benchmarks, facing extraordinary pressure due to global 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: Domestic air travellers have got a big relief as the government stepped in to prevent a sharp rise in flight ticket prices, even as global fuel costs surge. The Ministry of Petroleum and Natural Gas said in a statement, said, "...Due to the closure of Strait of Hormuz and extraordinary situation in global energy markets, price of ATF (Aviation Turbine Fuel) for domestic markets was expected to increase by more than 100% on 1 April. In order to insulate the domestic travel costs from t ...Read More >
New Delhi [India], April 1 (ANI): In a move aimed at protecting domestic air travel from a sharp global fuel shock, the government has limited the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines to 25%, even as international benchmarks indicated a potential surge of over 100%. The Ministry of Petroleum and Natural Gas said the decision comes in response to an "extraordinary situation in global energy markets," triggered by the closure of the Strait of Hormuz. To prevent a s ...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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