Jet Fuel Price Rise

Jet fuel or ATF price was today hiked by 1.65 per cent - the first increase in rate after fourth months of reduction warranted by softening oil prices.

On Thursday, jet fuel prices were hiked by 16 per cent to catapult rates to an all-time high in step with hardening international oil rates

Jet fuel prices were today hiked by the steepest ever 16 per cent to catapult rates to an all-time high in step with hardening international oil rates.

Oil marketing companies announced a hike in aviation turbine fuel (ATF) on Thursday

Jet fuel prices on Sunday were hiked by 3.22 per cent - the ninth straight increase this year - to an all-time high

Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...

The Central government today ruled out the possibility of providing any financial bail-out or leeway to cash-strapped Jet Airways, stating that it's the prerogative of the company's management to implement policies to ensure smooth functioning of the airline.

Senior Congress leader Digvijaya Singh alleged on Wednesday that proper procedures were not followed in the Rafale fighter jet deal.

IndiGo will levy a sum of Rs 200 on routes less than 1,000 km distance, and Rs 400 on routes longer than 1,000 km distance.

This proposal will be made to contain the rise in jet fuel cost due to high global crude oil prices, Civil Aviation Secretary Rajiv Nayan Choubey.

Airline shares rallied on Monday following a sharp reduction in Aviation Turbine Fuel or jet fuel prices. Budget carrier SpiceJet gained nearly 8 per cent, while Jet Airways rallied over 6 per cent after state-run Indian Oil slashed ATF prices by 12 per cent.

Oil prices rose on Tuesday as tensions in the oil-rich Middle East escalated following the downing of a Russian-made fighter jet near the Syrian-Turkish border and a weaker US dollar provided incentive for investors to buy more oil.

Low crude oil prices, increasing efficiency and rising air traffic will help the domestic airlines bring down their losses massively this fiscal year to around Rs 5,500 crore from around Rs 8,500 crore last year, according to an analyst report.

Observing that the prime reason for these losses was high fuel cost which constituted almost 40-50 per cent of an airline's total costs, Civil Aviation Minister Ajit Singh said the aviation turbine fuel (ATF) prices were high due to rising base price and "very high VAT imposed by state governments."

The fare hike was triggered by Chennai-headquartered low-cost carrier SpiceJet, which increased fares by a hefty 30 per cent earlier this week citing rise in input costs in the wake of the rupee fall and a 6.9 per cent increase in the jet fuel prices by oil marketing firms from September 1.

Jet fuel or ATF price was today hiked by 1.65 per cent - the first increase in rate after fourth months of reduction warranted by softening oil prices.

On Thursday, jet fuel prices were hiked by 16 per cent to catapult rates to an all-time high in step with hardening international oil rates

Jet fuel prices were today hiked by the steepest ever 16 per cent to catapult rates to an all-time high in step with hardening international oil rates.

Oil marketing companies announced a hike in aviation turbine fuel (ATF) on Thursday

Jet fuel prices on Sunday were hiked by 3.22 per cent - the ninth straight increase this year - to an all-time high

Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...

The Central government today ruled out the possibility of providing any financial bail-out or leeway to cash-strapped Jet Airways, stating that it's the prerogative of the company's management to implement policies to ensure smooth functioning of the airline.

Senior Congress leader Digvijaya Singh alleged on Wednesday that proper procedures were not followed in the Rafale fighter jet deal.

IndiGo will levy a sum of Rs 200 on routes less than 1,000 km distance, and Rs 400 on routes longer than 1,000 km distance.

This proposal will be made to contain the rise in jet fuel cost due to high global crude oil prices, Civil Aviation Secretary Rajiv Nayan Choubey.

Airline shares rallied on Monday following a sharp reduction in Aviation Turbine Fuel or jet fuel prices. Budget carrier SpiceJet gained nearly 8 per cent, while Jet Airways rallied over 6 per cent after state-run Indian Oil slashed ATF prices by 12 per cent.

Oil prices rose on Tuesday as tensions in the oil-rich Middle East escalated following the downing of a Russian-made fighter jet near the Syrian-Turkish border and a weaker US dollar provided incentive for investors to buy more oil.

Low crude oil prices, increasing efficiency and rising air traffic will help the domestic airlines bring down their losses massively this fiscal year to around Rs 5,500 crore from around Rs 8,500 crore last year, according to an analyst report.

Observing that the prime reason for these losses was high fuel cost which constituted almost 40-50 per cent of an airline's total costs, Civil Aviation Minister Ajit Singh said the aviation turbine fuel (ATF) prices were high due to rising base price and "very high VAT imposed by state governments."

The fare hike was triggered by Chennai-headquartered low-cost carrier SpiceJet, which increased fares by a hefty 30 per cent earlier this week citing rise in input costs in the wake of the rupee fall and a 6.9 per cent increase in the jet fuel prices by oil marketing firms from September 1.