Topic
atf
Trade India hikes windfall tax on diesel and ATF exports, petrol levy unchanged
India hiked the windfall gains tax on exports of diesel and aviation turbine fuel (ATF) effective June 16, while keeping the levy on petrol unchanged. The special additional excise duty on diesel was raised to Rs 14 per litre and on ATF to Rs 12.5 per litre. The tax is revised fortnightly and aims to ensure domestic fuel availability amid West Asia tensions.
Logistics Air Freight Costs Rise as ATF Prices Increase by 10%
Air freight costs are expected to rise following a 10% increase in aviation turbine fuel (ATF) prices by oil marketing companies. The new price-stabilisation regime will freeze ATF prices at Rs 115 per litre for three years, affecting domestic and international flights of Indian carriers.
Commodities Jet Fuel Prices Surge 10% Amid New Stabilisation Scheme
Jet fuel prices for domestic airlines in India have risen by 10% as state-owned oil companies implement a price stabilisation scheme. The plan allows airlines to lock in fuel rates for up to three years, aiming to mitigate the impact of global oil price volatility.
Trade ATF Price Fund to Stabilize Airline Costs Amid US-Iran Conflict
The Indian government has approved a Rs 10,000 crore Aviation Turbine Fuel Price Stabilization Fund to mitigate the impact of rising fuel costs on airlines due to the US-Iran conflict. This fund aims to stabilize ATF prices and protect the aviation sector.