Govt slashes windfall taxes on diesel, jet fuel; oil stocks surge
In the sixth round of revision, the windfall tax on domestic crude oil has been slashed by 24% to ₹8,000 per tonne from ₹10,500.
aviation turbine fuel
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SpiceJet sends 80 pilots on leave without pay for 3 months
Decision taken to “rationalise” cost as a prolonged grounding of the MAX fleet has led to excess pilots, says SpiceJet.
High ATF prices, weak rupee to drag aviation revival; outlook negative
Elevated ATF prices will impact earnings and liquidity profile of the airlines in the near to medium term, while weaker rupee to dollar will raise input costs.
Windfall tax on petroleum crude hiked; diesel, ATF export levy slashed
Amid the announcement, shares of three out of four oil producers and refiners are down. RIL stock is up 0.16%, while ONGC, GAIL, IOC are down by 1.39%, 1.77%, and 0.28%, respectively
Govt to earn ₹95,129 cr from windfall gain taxes on fuel: Moody’s
Centre has imposed special additional excise duty of ₹6/litre on petrol export and ₹13/litre on diesel export. Special additional excise duty of ₹6 per litre was also imposed on ATF export too
SpiceJet raises airfares by up to 15% on high ATF prices, weak rupee
Jet fuel prices reach an all-time high after seeing 16% hike from today; SpiceJet MD Ajay Singh urges states, Centre to cut taxes on jet fuel, which he says are highest.
Domestic air passenger traffic soars 83% in April: ICRA
The rising aviation turbine fuel (ATF) prices continue to dampen the industry earnings, with prices in May 2022 being higher by 89.2% on a year-on-year basis.
Aviation fuel prices hiked by 18%
Aviation turbine fuel (ATF) prices witnessed an 18% jump on Wednesday.
Aircraft fuel prices at record high after 5th hike this year
Aviation turbine fuel (ATF) prices have been hiked by 3.3% to a record high of ₹93,530.66 per kilolitre in Delhi.
Jet fuel prices soar to record high after 5.2% hike
This is the fourth hike in aviation turbine fuel (ATF) prices in 2022.
