While the windfall profit tax is calculated by taking away any price that producers are getting above a threshold, the levy on fuel exports is based on cracks or margins that refiners earn on overseas shipments.
ATF rates update: With jet fuel making up almost 40 per cent of the operating cost of an airline, the increase in prices had resulted in a rise in the cost of flying. Now there has been a marginal relief.
Air Travel To Become Expensive: Jet fuel price has been hiked by 16 per cent in step with firming international oil rates.
Fuel prices have hiked by a whopping 61.7 percent from Rs 72,062 per kilolitre to Rs 1.23 lakh per kilolitre since January this year.
The increase - sixth straight this year - led to prices soaring past the Rs 1-lakh-per-kilolitre mark for the first time ever.
Rates were hiked by a record 56.6 per cent (Rs 12,126.75 per kl) on June 1, followed by Rs 5,494.5 per kl (16.3 per cent) increase on June 16. Price was hiked by Rs 2,922.94 per kl or 7.48 per cent on July 1.
Jet fuel (ATF) prices have been slashed by a steep 23 per cent in line with a slump in international oil prices and it now costs about one-third of petrol and diesel whose rates continue to be frozen for the 50th day on Sunday.
Jet fuel (ATF) prices were on Monday slashed by a steep 10 per cent, the second straight reduction in rates in as many months, as international oil prices slumped on fears of the spread of coronavirus.
New Delhi: Jet fuel (ATF) prices have been hiked by a steep 6.9 per cent, taking the rates to lifetime high of Rs 75,031 per kilolitre. ATF had last scaled the high of Rs 71,028.26
New Delhi, June 10: With the aviation sector facing acute crisis, Civil Aviation Minister Ajit Singh is unhappy over the recent increase in service tax on air tickets and high jet fuel price and would
New Delhi, Dec 15: After three consecutive price hikes, state-owned oil companies today cut jet fuel rates by 1.3 per cent in step with softening in commodity's international rates.The price of aviation turbine fuel (ATF),
New Delhi, Dec 15: After three consecutive price hikes, state-owned oil companies today cut jet fuel rates by 1.3 per cent in step with softening in commodity's international rates.The price of aviation turbine fuel (ATF),
New Delhi, Sept 15: After two consecutive price cuts, state-owned oil companies today hiked jet fuel, or ATF, price by 2.5 per cent in line with firming of international oil rates.Aviation Turbine Fuel (ATF) price
New Delhi, Feb 28: For the 10th fortnight in a row, state-owned oil firms today raised jet fuel price by 3.4 per cent in line with spike in crude oil prices. Aviation turbine fuel (ATF)
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