Flight tickets are expected to become more expensive following a hike in aviation fuel prices, announced by major oil companies. The price of aviation turbine fuel (ATF) has increased by ₹1,318 per kilolitre, marking a second consecutive rise after a ₹2,941.5 increase last month. The revised ATF prices now stand at ₹91,856.84 per kilolitre in Delhi, ₹94,551.63 in Kolkata, ₹85,861.02 in Mumbai, and ₹95,231.49 in Chennai. The new rates have come into effect immediately, further straining the aviation industry.
Read More »“India Raises Windfall Tax on Petroleum Crude to ₹3,200 Per Tonne, Keeps Diesel and Aviation Fuel Untouched”
In a recent move, India has announced an increase in the windfall tax on petroleum crude, raising it to ₹3,200 per tonne from the previous ₹1,700, effective from Saturday. However, the windfall tax on diesel and aviation turbine fuel remains unchanged at zero, according to a statement released by the government on Friday.
Read More »