ATF
Petrol sales up 4%, diesel 1% in June
Fuel sales data from April to June indicates a growth in petrol and diesel consumption, with petrol sales rising by 4.2% and diesel sales by 0.7% year-on-year. The aviation turbine fuel (ATF) and liquefied petroleum gas (LPG) sales also saw increases, reflecting a positive trend in the national oil product demand.
ATF price hiked 1.2% after a 6.5% cut seen in June
Jet fuel prices saw a 1.2% hike on Monday, with Aviation Turbine Fuel (ATF) rising to Rs 96,148.38 per kl in Delhi, following a previous 6.5% reduction on June 1. In Mumbai, ATF reached Rs 89,908.30 per kl. Meanwhile, commercial LPG prices for hotels and restaurants were cut by Rs 30 per 19-kg cylinder to Rs 1,646.
Domestic air passenger traffic grows 5.1 pc to about 138.9 mn in May: ICRA
In May, domestic air passenger traffic grew 5.1% YoY to 138.9 million, 14% higher than pre-Covid levels, as per Icra. The Indian aviation industry outlook is stable with a continued recovery in passenger traffic and stable cost environment, expecting the trend to continue in FY2025.
Commercial LPG prices slashed by Rs 69.50 after a Rs 19 cut in May; ATF prices revised down 6.5%
Oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by Rs 69.50 in Delhi, bringing the new price to Rs 1676. This follows a Rs 19 reduction on May 1, 2024, reflecting a positive trend for businesses. Price adjustments are influenced by international oil prices and other factors.
Reliance-BP and Shell-MRPL jet fuel sales take wing in April
Reliance-BP and Shell-MRPL, the two private sector joint ventures, have made extraordinary gains in a year, taking their combined market share in the ATF market to 10.3% in April from 6.3% in the same month last year, according to industry data.
Sylvester Stallone shares a video on Tulsa King' Season 2. Know about release date, new villain, cast and more
Sylvester Stallone will continue to play the lead role in Season 2 of 'Tulsa King'. The criminal boss will have to lead with not only legal quagmires but also intense competition in the world of crime.
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Reliance seeks access to ATF pipelines, storages of PSU oil firms
RIL aims to expand its market share in aviation turbine fuel (ATF) by accessing pipelines at major Indian airports like Delhi, Mumbai, Bengaluru, Hyderabad, Kochi, and Lucknow, competing with state-owned firms like Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL).
Electioneering at its peak but diesel sales slide, petrol almost flat
India's diesel sales dropped in early May, while petrol consumption remained steady despite peak election campaigns, according to state-owned firms' preliminary data. Petrol sales in the first half of May were nearly unchanged from last year, at 1.367 million tonnes. Diesel sales fell by 1.1% to 3.28 million tonnes, continuing declines seen in previous months. Despite factors like electioneering and reduced fuel prices, diesel demand has not increased. Jet fuel sales rose year-on-year, but cooking gas LPG sales slightly declined.
Prices of commercial LPG cylinders slashed by Rs 19; ATF rate hiked marginally
Oil marketing companies on Wednesday revised the prices of commercial LPG gas cylinders. The rate of 19 KG commercial LPG gas cylinders was slashed by Rs 19 with immediate effect.
Petrol sales up 7%, diesel declines 9.5% in April
In the first half of April, India's petrol consumption surged by 7%, reaching 1.22 million tonnes, compared to 1.14 million tonnes during the same period last year. However, diesel sales witnessed a decline of 9.5% to 3.14 million tonnes. This rise in petrol sales can be attributed to increased use of personal vehicles following a price cut, along with the crop harvesting season and the onset of summer.
Middle East crisis: Civil aviation ministry asks airlines to carry out risk assessment on flight operations
Amid rising tensions in the Middle East, airlines including Air India, Vistara, and IndiGo have altered flight paths to avoid Iranian airspace. The Civil Aviation Ministry has advised carriers to conduct their own risk assessments. The geopolitical situation may lead to longer routes, increased fuel costs, and potential airfare hikes for international flights.
Bharat Petroleum to lay 35-km ATF pipeline from Piyala to Noida International Airport
The dedicated ATF pipeline will span over 34 km, and will further extend by 1.2 km within the airport premises, Noida International Airport said. "Once operational, this pipeline will operate on a common/contract carrier basis, ensuring seamless fuel transportation to the airport," it said.
Govt hikes windfall tax on crude petroleum to Rs 6,800 per tonne
The government has increased the windfall tax on domestically produced crude oil to Rs 6,800 per tonne from Rs 4,900 per tonne, effective from April 4. This tax, implemented as Special Additional Excise Duty (SAED), aims to regulate the petroleum industry and ensure the prioritization of domestic fuel over exports. Notably, the export duty on diesel, petrol, and ATF will remain at zero.
Centre hikes windfall tax on petroleum crude
Government raised windfall tax on petroleum crude to 4,900 rupees/tonne from 4,600 on March 16 through SAED. Diesel tax increased to Rs 1.5/litre on Feb 16.
Centre hikes commercial LPG & ATF prices; check latest prices here
From March 1, 2024, the prices of 19 Kg commercial LPG gas cylinders increased by Rs 25 in major metros. In Delhi, the new price is Rs 1795, Mumbai Rs 1,749, Kolkata Rs 1,911, and Chennai Rs 1,960.50. Aviation turbine fuel (ATF) prices for domestic airlines also rose, reaching Rs 1,01,397/Kl in Delhi, Rs 1,10,297/Kl in Kolkata, Rs 94,809/Kl in Mumbai, and Rs 1,05,399/Kl in Chennai. IOC, BPCL, and HPCL, adjust these prices monthly based on the preceding month's international averages.
Sustainable fuels show aviation is bereft of ideas
Fuel surcharges have been around a long time, serving as a convenient way for carriers to pass costs to customers in line with fluctuating oil prices.
ATF prices cut by Rs 1,221 per kl in Delhi ahead of Budget 2024
The Central government has reduced jet fuel (ATF) prices by Rs 1,221 per kiloliter in Delhi, marking the fourth consecutive monthly reduction. After the revision, ATF prices for domestic airlines are Rs 1,00,772.17 per kl in Delhi, Rs 1,09,797.33 per kl in Kolkata, Rs 94,246.00 per kl in Mumbai, and Rs 1,04,840.19 in Chennai
On radar: 1% sustainable jet fuel blending for international flights by 2027
This is expected to double to 2% by 2028 and become 5% by 2030, according to an order issued by the ministry of petroleum and gas. SAF is a liquid fuel that can be blended with aviation turbine fuel (ATF) without the need to develop new planes or engines. It can reduce carbon emissions by up to 80%.
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IndiGo removes fuel charges following reduction in ATF prices
IndiGo has removed the fuel charge from its fares in response to the recent reduction in Aviation Turbine Fuel (ATF) prices. The fuel charge was introduced in October 2023 due to a surge in ATF prices. IndiGo stated that, given the dynamic nature of ATF prices, they will continue to adjust fares accordingly.
India raises windfall tax on crude by Rs 1,000; removes taxes on diesel, ATF
Petrol, Diesel Rates: India has significantly increased the windfall profit tax on crude oil from Rs 1,300 to Rs 2,300 per tonne. Simultaneously, New Delhi abolished the tax on diesel and aviation turbine fuel (ATF), maintaining the absence of windfall taxes on petrol. Previously, windfall taxes of 50 paise per litre and one rupee per litre applied to diesel and ATF, respectively, which have now been eliminated. These revised rates came into effect on January 2, 2024.
Petrol, diesel sales drop as winter sets in
The decrease in petrol and diesel sales in India during December can be attributed to the onset of winter, which led to a decline in air-conditioning demand. Petrol sales of the three state-owned firms fell by 1.4% compared to the previous year, while diesel demand dropped by 7.8%. Despite this, petrol consumption in December 2023 was 7.1% higher than in December 2021 and 21.5% higher than in December 2019.
ATF price cut by 4 pc; commercial LPG rate reduced marginally by Rs 1.5 per cylinder
This is the third straight monthly reduction in jet fuel prices. ATF price was cut by almost 6 per cent (Rs 6,854.25 per kl) in November and by Rs 5,189.25, or 4.6 per cent, in December.
India fuel demand falls 2% in November
Sales of diesel, which make up 40% of the overall volumes, contracted in November after rising by 6.6% in the April-October period. Diesel sales are driven more by commercial mobility as the share of diesel vehicles in passenger cars has significantly declined over the years.
ATF prices cut nearly 6% after 4 consecutive hikes
The price of aviation turbine fuel (ATF) in India was reduced by nearly 6% after four consecutive monthly increases, providing some relief to financially strained airlines. This adjustment in jet fuel prices will alleviate a significant portion of airlines' operating costs, while commercial LPG prices saw their second consecutive monthly increase due to changes in the Saudi contract price.
IndiGo introduces fuel surcharge, flight tickets to get costlier by up to Rs 1,000
Indigo, the largest domestic airline in India, has announced the introduction of fuel charges ranging from Rs 300 to Rs 1000 due to the rising prices of Aviation turbine fuel (ATF). The new pricing structure will be implemented from October 6 and will be based on the distance of the sector. Passengers booking Indigo flights will have to pay a fuel charge per sector, with higher charges for longer distances. This is the first time since 2018 that the airline has imposed a fuel surcharge, which was gradually removed when fuel prices decreased.
IndiGo introduces fuel surcharge due to hike in ATF price hike
IndiGo, India's largest domestic airline, has introduced a fuel charge of up to Rs 1,000 to offset the increasing cost of Aviation Turbine Fuel (ATF). The charge will apply to both domestic and international routes. Other airlines are expected to follow suit by either incorporating the charge into their base fare or implementing a similar surcharge. ATF accounts for over 40% of Indian carriers' operational expenses. The fuel charge will be based on distance, ranging from Rs 300 for distances up to 500 km to Rs 1,000 for distances over 3501 km.
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