Tag Archives: aviation turbine fuel

Ajay Singh urges FM for infra status for travel & tourism and inclusion of ATF under GST

Ajay Singh, CMD, SpiceJet, at a post-budget interaction with Finance Minister Nirmala Sitharaman, put forth the difficulties being faced by civil aviation, travel, tourism and hospitality sectors. He requested her to consider granting infrastructure status to these sectors to facilitate lending by banks and financial institutions. He also requested the Hon’ble Finance Minister’s support for inclusion of Aviation Turbine Fuel under GST. The FM gave a positive response to consider these issues.

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ATF price hiked by 5.5%

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

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Airfares to get costlier as ATF sees 9% hike

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.

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