Aviation Turbine Fuel

Wednesday, Apr 24, 2024 | Last Update : 03:15 PM IST

Union Civil Aviation Minister Jyotiraditya Scindia. (PTI)

Scindia urges States, UTs to reduce VAT on jet fuel to increase air traffic

The Minister said that Indian aviation industry has overcome many challenges to become one of the world's most lucrative aviation markets

20 Nov 2021 12:58 PM

Air India making a written request for the same as also promising to make regular payments to clear over Rs 5,000 crore in overdue fuel bills.

Oil companies defer decision to suspend fuel supplies to Air India

IOC, HPCL and BPCL had earlier this month threatened to snap aviation turbine fuel supplies to Air India.

18 Oct 2019 10:44 AM

IOC and two other oil marketing companies, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), have served a notice on Air India that they will be forced to stop jet fuel (ATF) supplies if payments are not made, said IOC's Sandeep Kumar Gupta.

Oil Cos say Air India not honouring Rs 100 cr/month payment promise

The monthly payment was besides the airline being put on cash-and-carry where it was given fuel only against cash payment.

15 Oct 2019 4:44 PM

Market-priced or non-subsidised cooking gas (LPG) price was however raised by Rs 15.5 per cylinder, oil firms said in a price notification. (Photo: File | PTI)

ATF price cut by 1 pc, LPG rate up by Rs 15.5

Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 596.62 per kilolitre or 0.9 per cent, to Rs 62,698.86 per kl.

01 Sep 2019 7:05 PM

Reliance's existing 1,400-odd petrol pumps, as well as 31 aviation fuel stations, will be transferred to the new joint venture where BP will hold 49 per cent equity stake.

BP to pay Rs 7,000 cr for 49 pc stake in Reliance's fuel retail network

Last week, the two firms had announced a new joint venture to set up petrol pumps and retail aviation turbine fuel in India.

12 Aug 2019 12:12 PM

Subsidised LPG rate was reduced by Rs 3.02 per 14.2-kg cylinder to Rs 494.35 in Delhi. (Photo: File)

ATF price cut by 5.8 pc; subsidised LPG by Rs 3

Reduction in Aviation Turbine Fuel rates will bring relief to cash strapped airlines.

01 Jul 2019 3:00 PM

SpiceJet's Ajay Singh said high taxes on ATF, certain infrastructure charges as well as high import duty on aircraft parts and services are among the factors which make the domestic aviation sector "uncompetitive". (Photo: File | ANI)

Jet failure a 'wake up call'; part of blame at doorstep of policymakers: Ajay Singh

SpiceJet plans to hire up to 2,000 staff of Jet Airways, including pilots and cabin crew. It has already taken 1,100.

04 Jun 2019 11:40 AM

Commerce and Industry Minister Suresh Prabhu said input costs should be competitive for any sector and the ministry has been of view that fuel should be brought under GST regime.

ATF under GST will ensure level playing field for domestic airlines: Suresh Prabhu

Airlines could expect an annual relief of up to Rs 5,000 crore by way of input tax credit if ATF is brought under GST.

07 Apr 2019 2:23 PM

The price of Aviation Turbine Fuel (ATF) -- used to power airplanes -- was slashed by Rs 9,990 per kilolitre. (Representational Image/ Pixabay)

ATF price cut by 14.7 per cent; costs less than petrol, diesel

ATF costs just a shade higher than the price charged for kerosene sold through non-PDS outlets in Delhi.

01 Jan 2019 2:42 PM

The central government currently charges 14 per cent excise duty on ATF. (Representational Image)

Excise duty on aviation turbine fuel lowered to 11 per cent

Jet fuel was priced at Rs 47,013 per kl in July last year and has risen by 58.6 per cent since then.

11 Oct 2018 8:54 AM

Air passengers are expected to witness an increase in the flight ticket prices this festive season, as the aviation turbine fuel (ATF) prices have on Monday surged to the highest level since March 2014, as per the data from Indian Oil Corporation Ltd. (Photo: ANI)

Airfares to shoot up this festive season on surging jet fuel prices

The government, last week, hiked import duty on aviation turbine fuel to 5 per cent.

02 Oct 2018 2:15 PM

IndiGo is the only carrier that meets a portion of fuel consumption by directly bringing ATF from overseas.

Import duty on ATF not to make big impact on airlines

Industry sources said the low-cost private carrier’s total import accounts for 10-12 per cent of its fuel bill.

28 Sep 2018 10:56 AM

GST Council will consider the demand of bringing natural gas and jet fuel under the GST at an appropriate time.

GST Council to drop natural gas, jet fuel from agenda in next meeting

The all-powerful GST Council is set for a meeting on Saturday.

19 Jul 2018 4:14 PM

The official didn’t respond to a question on the impact on state revenues if liquor is included in GST as there’s no such proposal or demand.

States reluctant to include fuel, liquor

Liquor, LPG, natural gas, aviation turbine fuel (ATF), petrol and diesel are exempt from GST.

01 Jul 2018 6:50 AM

The price of market rate LPG or non-subsidised cooking gas was also hiked by Rs 48.50 per bottle to Rs 698.50. (Photo: PTI)

LPG price up Rs 2 per cylinder, jet fuel hiked by steep 7 per cent

A household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year.

01 Jun 2018 3:48 PM

Pitching for inclusion of Aviation Turbine Fuel (ATF) in the Goods and Services Tax (GST) regime, Union Minister Suresh Prabhu said the move will help cut the cost as airlines would get input tax credit.

Inclusion of ATF under GST to help airlines cut cost, says Prabhu

There is a demand from airlines for inclusion of Aviation Turbine Fuel in the new indirect tax regime.

27 May 2018 12:04 PM

The nearly 30 per cent increase in aviation turbine fuel (ATF) over the last one year could compel domestic airlines to go for a upward fare revision to offset the increased cost of operations.

Fuel price hike may lead to increase in air fares: experts

The ATF price has witnessed an increase of nearly 30 per cent over the last one year and about 25 per cent in just last six months.

23 May 2018 3:30 PM

Jet fuel or ATF price was on Sunday hiked by a steep 6 per cent and LPG rate was hiked by Rs 1.50 per cylinder. Photo: PTI

Jet fuel price hiked by 6 per cent; LPG costlier by Rs 1.50 a cylinder

The hike in LPG price comes on the back of over Rs 7 per cylinder increase effected from September 1.

01 Oct 2017 4:00 PM

Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure. (Representational image)

Natural gas may be included in GST, to benefit ONGC

GST paid on inputs and services used for producing natural gas can be set off against taxes on its sale.

27 Jun 2017 2:46 PM

This is a welcome move as the higher taxes on aviation turbine fuel will continue with fuel remaining outside the ambit of GST.

Aviation sector earnings set to fly high in Q1 FY18

Service tax on economy class air travel has been lowered from 6 per cent to 5 per cent under the GST regime.

22 May 2017 7:04 PM

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Sanjeev Ahluwalia