Tag Archives: ATF

IndiGo CEO Ronojoy Dutta said that the civil aviation ministry should consider increasing the upper limits on domestic airfares as the rising ATF prices have become a real problem. Aviation Turbine Fuel prices in India were hiked by 16% to catapult rates to an all-time high in step with hardening international oil rates. 

It is not easy for an airline to turn a profit in India and a lot of issues such as fare caps and high taxes on aviation turbine fuel (ATF) have to be resolved, said an IATA official at the 78th AGM. 

Jyotiraditya Scindia, Union Minister of Civil Aviation, shares that he is running strong campaign with the Chief Ministers of all states for reduction of VAT on ATF. “I am approaching every CM sequentially and asking them to lower the VAT on ATF. There are 11 state governments, which charge between 1-5% and around 27 state governments charge between 5-30%. My target is to get as many states to charge between 1-5% VAT on ATF, so that there is increased penetration in terms of connectivity,” he said in Kushinagar.

The 36th ASEAN Tourism Forum (ATF) has commenced in Singapore from January 16-20, 2017. Themed “Shaping Our Tourism Journey Together,” ATF 2017 will support the continuous, collective efforts by ASEAN members to address challenges and opportunities as ASEAN jointly develops and grows the tourism industry in the region. Highlights of the event include official launch of VisitASEAN@50 Campaign at the Opening Gala on January 18. The Visit ASEAN@50: Golden Celebration campaign will be officially launched by the Prime Minister of Singapore, Lee Hsien Loong; ASEAN Secretary General, Le Luong Minh and ASEAN Tourism Ministers. 50 special packages have been selected by ASEAN NTOs for the campaign, which aims to attract 121 million international visitor arrivals to the region by end of 2017, up from 109 million in 2015. For the first time, ASEAN will honour outstanding tourism communities measured against ASEAN’s CBT standards. All 10 ASEAN member states will share updates on their latest destination news, goals, partnerships and service innovations. Key highlights include information on Singapore’s new marketing strategy; Visit Laos Year 2018; Viet Nam’s new visa policies, including the visa exemption policy for European tourists; Myanmar’s update on tourism performance, skills development initiatives, and its new destination marketing promotions for 2017.

Aviation Turbine Fuel (ATF) price has been hiked by 5.5 per cent for the fifth month in a row. ATF in Delhi was increased by Rs 2,557.7 per kilolitre (kl), or 5.47 per cent, to Rs 49,287.18 per kl, the oil companies announced today. This is the fifth straight monthly increase in rates, the last being on June 1 when prices were hiked by a steep 9.2 per cent, or Rs 3,945.47, to Rs 46,729.48 per kl. In the five increases, ATF rates have increased by 25 per cent, or Rs 9,985.87, per kl since March. ATF rates vary at different airports because of differential local sales tax or value-added tax (VAT). Jet fuel constitutes over 40 per cent of an airline’s operating cost and the latest price increase will add to the financial burden of cash-strapped carriers. No immediate comment was available from airlines on the impact of the price increase on passenger fares. Source: PTI

The rate of aviation turbine fuel (ATF) has been raised by a steep 9.2 per cent after petrol price was hiked by Rs 2.58 per litre and diesel price was raised by Rs 2.26 per litre. ATF price in Delhi has increased by Rs 3,945.47 per kilolitre to Rs 46,729.48 per kilolitre. ATF prices in Kolkata increased from Rs 47561.18 to Rs 51492.43. In Mumbai, fuel prices increased from Rs 41,756.16 to Rs 45,700.55 and in Chennai jet fuel prices hiked to Rs 49404.76 from Rs 45,346.82. The hike is the fourth one this year with the last one on May 1 that saw a 1.5 per cent increase. On April 1, there was a steep 8.7 per cent hike and prior to that, rates were hiked by 12 per cent on March 1.

Giving a fillip to ASEAN Tourism Forum, President of the Philippines H.E. Benigno Simeon Aquino III, in his inaugural speech, said that ASEAN integration benefits the region and all must capitalise on this. He urged the ASEAN countries to concentrate on bio-sustainability and maintain this delicate balance. He insisted that working together is the key as no single country can achieve this alone. The President called on all brothers and sisters of ASEAN to progress as one region, showcase the uniqueness of the region, and let all tourists visit each country. Welcoming delegates to his country, Secretary (Minister) of the Philippines, Department of Tourism, Hon. Ramon R. Jimenez, Jr. talked about partnership in tourism development. He mentioned that this event in the Philippines is a milestone in flowering of the ASEAN Tourism Forum. The lively and colourful short inauguration ended with a group photo of all the Ministers of Tourism from ASEAN and then with the heads of all tourism organisations.