Atf Price

Commercial LPG prices hiked by Rs 16.5, jet fuel costlier by 1.45%

Jet fuel, or ATF, price on Sunday was hiked by 1.45 per cent and rates of commercial LPG used in hotels and restaurants increased by Rs 16.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. The aviation turbine fuel (ATF) price was increased by Rs 1,318.12 per kilolitre, or 1.45 per cent, to Rs 91,856.84 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. This is the second straight monthly increase in jet fuel prices. Rates were increased by Rs 2,941.5 per kl (3.3 per cent) on November 1. That hike came after two rounds of reduction which had taken the rates to their lowest level this year. ATF price on October 1 was cut by 6.3 per cent (Rs 5,883 per kl) and by Rs 4,495.5 per kl, or 4.58 per cent on September 1. The ATF price in Mumbai was increased to Rs 85,861.02 per kl on Sunday from Rs 84,642.91 previously. Oil firms also increased the price of commercial LPG b

Finance ministry weighs removing windfall tax amid falling crude prices

The federal finance ministry will evaluate scrapping windfall tax on domestic crude oil output, Tarun Kapoor, adviser to the Indian prime minister, said last month

Domestic air passenger traffic grows 5.1% to about 138.9 mn in May: ICRA

Domestic air passenger traffic grew 5.1 per cent year-on-year to an estimated 138.9 million in May and was significantly higher by around 14 per cent than pre-Covid levels, credit ratings agency Icra said on Thursday. Icra also said the outlook on the Indian aviation industry is stable amid the continued recovery in domestic and international air passenger traffic with a relatively stable cost environment and expectations of the trend continuing in FY2025. The airlines' capacity deployment in the previous month increased 6 per cent year-on-year and about 2 per cent higher than April 2024, it added. According to the agency, the domestic air passenger traffic for FY24 was around 154 million, with a year-on-year growth of around 13 per cent. It thus surpassed the pre-COVID levels of around 142 million in FY2020, the ratings agency said, adding that the international passenger traffic for Indian carriers stood at around 29.68 million last fiscal, registering a year-on-year growth of ..

ATF price reduced significantly by 6.5%, commercial LPG down by Rs 69

Jet fuel or ATF price on Saturday was reduced by a steep 6.5 per cent and that of commercial LPG used by hotels and restaurants by Rs 69 per 19-kg cylinder on declining international oil prices. Aviation turbine fuel (ATF) price was cut by Rs 6,673.87 per kilolitre, or 6.5 per cent, to Rs 94,969.01 per kl in the national capital, according to a price notification of state-owned fuel retailers. The reduction follows a marginal 0.7 per cent (Rs 749.25 per kl) increase on May 1. The ATF rate in Mumbai was slashed to Rs 88,834.27 per kl from Rs 95,173.70. Prices differ from state to state depending on the incidence of local taxes. Alongside, oil firms also cut the price of commercial LPG by Rs 69 to Rs 1,676 per 19-kg cylinder. This is the third straight monthly reduction in rates. The price was on May 1 reduced by Rs 19 per cylinder and by Rs 30.5 on April 1. Rate of cooking gas used in domestic households, however, remained unchanged at Rs 803 per 14.2-kg cylinder. April 1 saw th

Govt hikes windfall tax on crude to Rs 6,800 for 5th time since Feb

The windfall tax, which is revised fortnightly, remains at zero for diesel and aviation turbine fuel

LPG commercial, 5 kg FTL cylinder prices cut ahead of Lok Sabha polls 2024

Jet fuel prices reduced, however, domestic LPG cylinder prices remain unchanged

Marginal cut in jet fuel price, commercial LPG rate reduced by Rs 30.5

Jet fuel or ATF price on Monday was cut by a marginal 0.5 per cent while rates of commercial LPG used by establishments such as hotels and restaurants were slashed by Rs 31 per cylinder in line with international prices. Aviation turbine fuel (ATF) price was cut by Rs 502.91 per kilolitre or 0.49 per cent, to Rs 100,893.63 per kl in the national capital, according to a price notification of state-owned fuel retailers. Rates in Mumbai have been cut to Rs 94,466.41 per kl from Rs 94,809.22. Prices differ from state to state depending on the incidence of local taxes. Alongside, oil firms also cut the price of commercial LPG by Rs 30.5 to Rs 1,764.50 per 19-kg cylinder. Rates of the cooking gas used in domestic households however remained unchanged at Rs 803 per 14.2-kg cylinder. This is the first reduction in commercial LPG prices since January. Rates had gone up Rs 14 per cylinder on February 1 and Rs 25.5 on March 1. Also, the price of the 5 kg FTL (Free Trade LPG or market price

IndiGo waives fuel surcharge on domestic, and international flights

IndiGo's fuel charges ranged from Rs 300 to Rs 1,000 per ticket based on distance travelled

Aviation stocks may lose altitude over ATF prices, traffic seasonality

International routes and supply shortages are, however, positive for IndiGo

Flight tickets to get expensive during festive season as ATF prices rise

Last month, ATF prices increased by 8.4 per cent, or Rs 7,651, in the national capital to Rs 98,508 per KL compared to July

After a solid Q1, IndiGo's troubles may mount in Q2FY24, warn analysts

IndiGo's profitability may be affected in the July to September quarter (Q2) of FY24 owing to lower fares in a seasonally weak quarter and higher fuel prices, analysts said

HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy

CLOSING BELL: Buying momentum in IT, HUL, and ITC shares also lent support

Maharashtra govt cuts VAT on aviation jet fuel, gives carriers relief

New rate will be applicable in Mumbai, Pune and Raigad districts, says state budget

Slow-paced earnings recovery for domestic airlines due to high ATF prices

Amid recovery in domestic passenger traffic in FY2023, the earnings recovery for domestic airlines will be slow-paced due to elevated ATF prices in addition to the rupee depreciation against US dollar

Jet fuel price slashed by 2.3% as international oil price softens

Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oil prices but petrol and diesel rates remained on freeze for a record eighth month in running. Aviation Turbine Fuel (ATF) price was cut by Rs 2,775 per kilolitre, or 2.3 per cent, to Rs 1,17,587.64 per kl in the national capital, according to a price notification of state-owned fuel retailers. 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, or 4.19 per cent, reduction last month. ATF price is revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates. Petrol and diesel prices, however, continued to remain on freeze for a record eighth month in a row. Petrol costs Rs 96.72 per litre in the national capital and diesel comes for Rs 89.62. State-owned fuel retailers are supposed to revise petrol and diesel prices dai

After suffering losses for 3 quarters, IndiGo on a flight path to profit

Cooling fuel prices and rupee depreciation and rising demand could help the country's largest airline by market share to reverse successive quarters of losses

Domestic airlines industry may see up to Rs 17,000 cr loss in FY23: Report

The domestic airlines industry is projected to post a loss of Rs 15,000-17,000 crore in the current fiscal as their financial performance is likely to remain under pressure in the near term, a report said on Friday. Credit rating agency ICRA said the recovery in domestic passenger traffic has been healthy but elevated Aviation Turbine Fuel (ATF) prices will continue to pose a major threat to earnings and the liquidity profile of the airlines in the near-to-medium term. The domestic passenger traffic grew around 26 per cent year-on-year to about 114 lakh in October. In the year-ago period, the number was at 90 lakh passengers. However, the latest October figure remained 8 per cent lower when compared to the pre-pandemic traffic level, the rating agency said in a report. ICRA has a negative outlook on the domestic aviation industry. According to the report, the depreciation of the Indian rupee against the US dollar will have a major bearing on the airlines' cost structure. The debt

Centre slashes windfall tax on domestic crude oil, increases on ATF export

At its seventh fortnightly review, the government hiked the tax on the export of ATF to Rs 5 per litre from Rs 3.50

ATF price hiked 4.2%, commercial LPG rates cut by Rs 115.5 in Delhi

Jet fuel (ATF) price on Tuesday was hiked by 4.2 per cent but that of commercial LPG used in non-residential establishments such as hotels and restaurants was cut by Rs 115.5 per 19-kg cylinder reflecting global energy trends. Aviation turbine fuel (ATF) price was hiked by Rs 4,842.37 per kilolitre, or 4.19 per cent, to Rs 120,362.64 per kl in the national capital, according to a price notification of state-owned fuel retailers. This reverses a 4.5 per cent cut in jet fuel prices affected last month. Separately, the oil firms reduced the price of a 19-kg commercial LPG cylinder to Rs 1,744 from Rs 1,859.50 in the national capital. This is the seventh reduction in the price of commercial LPG since June, in step with softening of international energy prices. In all, rates have come down by Rs 610 per 19-kg cylinder. However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder. This is because the rates of domestic cookin

ATF price cut 4.5%, commercial LPG rates down Rs 25.5 per 19-kg cylinder

Jet fuel (ATF) price on Saturday was slashed by 4.5 per cent and that of commercial LPG used in hotels and restaurants by Rs 25.5 per 19-kg cylinder. The price of a 19-kg commercial LPG cylinder was cut to Rs 1,859.50 in the national capital from Rs 1,885, according to a price notification from state-owned fuel retailers. This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices. In all, rates have come down by Rs 494.50 per 19-kg cylinder. However, rates of LPG used in household kitchens for cooking purposes remained unchanged at Rs 1,053 per 14.2-kg cylinder. This because the rates of domestic cooking gas were way lower than cost and now with a drop in international prices, they are at breakeven, industry sources said. Commercial LPG rates, on the other hand, have largely been aligned with cost and so they have moved in tandem with rise and fall in international prices. Simultaneously, the rates of aviation turbine fu