Jet fuel

	Fitch expects windfall tax to be phased out in 2023 With global oil prices rallying to a decade high in the aftermath of the Russia-Ukraine war, state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) raked in windfall profits. published on : 6th December 2022
	ATF price slashed by 2.3 per cent, now at Rs 1.17 lakh per kilolitre The rate reduction, which will provide relief to airlines for whom fuel makes for almost 40 per cent of the operating cost, comes on the back of a Rs 4,842.37 per kl reduction last month published on : 1st December 2022
	Govt looking at mandating blending of jet fuel with sustainable aviation fuel: Official Further, Bansal mentioned supply chain issues being faced by domestic airlines, saying that those are hindering the growth of the aviation sector. published on : 15th November 2022
	Reduce tax on jet fuel: Aviation Minister Jyotiraditya Scindia to States The minister requested Goa, Assam, Delhi, Maharashtra, West Bengal, Rajashthan, Bihar and Tamil Nadu to reduce the VAT on Aviation Turbine Fuel (ATF). published on : 18th October 2022
	Tax on windfall profit on crude oil, export of diesel, ATF hiked The levy on diesel includes Rs 1.50 per litre road infrastructure cess (RIC), the notification showed. published on : 15th October 2022
	Windfall tax on domestic crude oil cut The basket of crude oil that India buys has averaged USD 92.67 per barrel in September as against USD 97.40 in the previous month. published on : 16th September 2022
	Excise duty on exports of diesel, ATF hiked Govt also raised windfall tax on domestically-produced crude from C13K to C13,300 a tonne published on : 2nd September 2022
	IndiGo reports Rs 1,064 crore loss in Q1 amid high jet fuel prices However, cost pressures on fuel and foreign exchange prevented us from translating this strong revenue performance into net profitability. published on : 4th August 2022
	Oil marketing companies slash price of Jet fuel, commercial LPG cylinder The rates of commercial LPG – the one used by hotels, restaurants and other business establishments – was reduced by Rs 36 to Rs 1,976.50 per 19-kg cylinder. published on : 2nd August 2022
	ATF price cut by steep 12 per cent; commercial LPG reduced by Rs 36 Aviation turbine fuel (ATF) prices were cut by Rs 16,232.36 per kilolitre, or 11.75 per cent, to Rs 121,915.57 per kl in the national capital, a price notification of state-run retailers showed. published on : 1st August 2022
	Government cuts windfall tax on petrol, diesel, jet fuel, crude oil Besides, the tax on diesel has been reduced to Rs 11 from Rs 13 per litre, according to finance ministry notifications. published on : 20th July 2022
	Airfares likely to go up by 15 per cent as ATF prices touch new high While this announcement came from SpiceJet, other airlines are also expected to go for a similar hike to keep their cost in check. published on : 17th June 2022
	Jet fuel prices hiked by 16%; touch new record The hike, which comes on the back of a marginal 1.3 per cent (Rs 1,563.97 per kl) cut in rate earlier this month, takes jet fuel prices to record high across the country. published on : 16th June 2022
	'Jet fuel price not sustainable': SpiceJet urges Centre, states to reduce tax, hike fare by 10-15 per cent The price of ATF has been hiked by 16.3% to an all-time high of Rs 1.41 lakh per kilolitre in Delhi. ATF price has nearly doubled in the calendar year 2022, up 91% in the last six months. published on : 16th June 2022
	Oil marketing firms cut commercial LPG rate by Rs 135, ATF price by 1.3 per cent Jet fuel prices on Wednesday were reduced by 1.3% by the oil marketing companies (OMCs), after 10 rounds of price hikes. published on : 2nd June 2022
	Jet fuel prices increase marginally by 0.2 per cent, rates at record high of Rs 1.13 lakhs per kl While jet fuel prices are revised on the 1st and 16th of every month, petrol and diesel rates are revised daily based on equivalent rates in the international market. published on : 16th April 2022
	ATF price hiked by two per cent to all-time high, petrol and diesel price unchanged Jet fuel prices are revised on the 1st and 16th of every month based on the average international price of benchmark fuel in the preceding fortnight. published on : 1st April 2022
	ATF price hiked by steepest ever 18 per cent to all-time high The increase - sixth straight this year - led to prices soaring past the Rs 1-lakh-per-kilolitre mark for the first time ever. published on : 16th March 2022
	ATF price hiked by 3.3 per cent; fifth increase this year Jet fuel, which makes up for almost 40 per cent of the running cost of an airline, has this year surged to new highs. published on : 1st March 2022
	Will not rest until high jet fuel burden lowers: Aviation Minister The statement from the aviation minister comes at a time when airline operators have been asking the Finance Minister to bring the ATF under GST. published on : 1st March 2022