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Air travel to get cheaper as jet fuel costs slashed by 2.2% | Business News – India TV

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Jet Fuel Price Cut By 2.2% On Fall In International Crude; Rates Off Peak

Jet fuel (ATF) prices on Saturday were reduced by 2.2 per cent, reflecting a fall in international oil prices. ....

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Centre Exempts Excise Duty On Jet Fuel Purchases By Indian Airlines For Overseas Flights

The Finance Ministry has exempted domestic airlines running international flights from 11 per cent basic excise duty on ATF or jet fuel bought from oil marketing companies. ....

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ATF prices reach all-time high at Rs 1.41 lakh per kl in Delhi; details here

State-backed oil marketing companies (OMCs) have announced a hike in the aviation turbine fuel prices with effect from June 16 (Thursday). After this hike, jet fuel prices have reached an all-time high. ....

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Minimum 10-15% increase in airfares must due to ATF price increase, rupee slide: SpiceJet

The sharp increase in aviation turbine fuel (ATF) prices and the depreciation of the rupee have left the domestic airlines with no choice but to immediately raise airfares, said Ajay Singh, Chairman and Managing Director, SpiceJet, on Thursday. ....

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