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Air India is set to cut down almost 100 of its domestic and international flights till July as rising jet fuel prices and airspace restrictions make several overseas routes too expensive to run, deepening the crisis for the already loss-making airline. Air India CEO and managing director Campbell Wilson told employees on Friday that the…
The windfall tax was introduced to ensure that adequate domestic supplies of petroleum products remain available. (AI image) The windfall tax on exports of diesel and aviation turbine fuel (ATF) has been lowered effective May 1, 2026. The excise duty on petrol and diesel sold in the domestic market will remain unchanged. The levy on…
NEW DELHI: “The airline Industry in India is under extreme stress and on the verge of closing down or stopping operations.” This dire warning has been issued by the Federation of Indian Airlines (FIA), which represents Air India, IndiGo and SpiceJet, in an “urgent” SOS sent to the government, seeking the latter’s “urgent intervention” in…
The petroleum and natural gas ministry amended the framework for the aviation turbine fuel (ATF) on Wednesday, formally allowing it to blend it with synthetic fuels. The measure is aimed towards bringing clarity to fuel standards amid growing use of alternative and blended aviation fuels.The revised notification redefines ATF to include not just conventional hydrocarbon…
The finance ministry on Saturday announced a sharp increase in export duties on diesel and Aviation Turbine Fuel (ATF), while keeping the duty on petrol unchanged.According to the ministry, the export duty on diesel has been raised from Rs 21.5 per litre to Rs 55.5 per litre, while that on ATF has been increased from…
In a move aimed at shielding passengers from sharp airfare surges, the government has capped monthly increases in aviation turbine fuel (ATF) prices for domestic flights at 25%, according to Reuters.The decision comes amid volatility in global energy markets linked to the ongoing Iran crisis, which has pushed up fuel costs and added pressure on…
NEW DELHI: Domestic air travellers may have been spared steep airfare hikes for now as oil companies didn’t fully pass on the impact of higher crude prices, but international tickets for western destinations are likely to go up further after doubling since the start of the Iran war as airlines take longer routes.After a series…
As the Middle East conflict continues to disrupt global oil supplies, the Centre has stepped in to ensure better fuel availability for citizens. In a bid to cushion local consumers from the ripples, the government has imposed fresh duties on fuel exports while easing the domestic excise duties. Finance minister Nirmala Sitharaman announced that export…
India’s aviation sector is likely to face deeper financial turbulence, with net losses expected to rise to Rs 95-105 billion in FY2026, compared with Rs 55 billion in FY2025, according to credit rating agency ICRA. The agency attributed the projected widening of losses to slower passenger growth, higher operational costs, and the impact of elevated…
