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Last Updated:June 07, 2026, 8:52 PM IST IATA welcomes India’s proposed ATF price stabilisation fund, citing extreme jet fuel price volatility. IATA represents more than 370 airlines worldwide, including Air India, IndiGo, Air India Express and SpiceJet. A senior executive of the International Air Transport Association (IATA) has welcomed the government’s decision to establish an…
Last Updated:May 09, 2026, 09:19 IST As crude remains above $100 per barrel, the government has been taking a hit of about Rs 1,000 crore daily for the past 70 days since the West Asia conflict started. India is the only major economy that has not passed the higher petroleum cost on to consumers despite…
Last Updated:April 22, 2026, 5:22 PM IST The Ministry of Petroleum and Natural Gas has amended rules governing Aviation Turbine Fuel (ATF), allowing conventional jet fuel to be blended with synthetic hydrocarbons. The petroleum ministry issued a notification dated April 17, 2026, amending the Aviation Turbine Fuel (Regulation of Marketing) Order, 2001. The Ministry of…
Aviation turbine fuel (ATF) prices have been increased again from December, with oil marketing companies raising rates by an average of Rs 5,113.75 per kilolitre. This marks the third straight monthly hike and adds fresh cost pressure for Indian carriers, where fuel accounts for nearly 40 per cent of operating expenses. With the latest revision,…
Jaisalmer: No major decisions were made during the 55th meeting of the Goods and Services Tax (GST) Council, on issues such as rate rationalisation and the determination of tax rates on insurance premiums.During the press conference, Union Finance Minister Nirmala Sitharaman shared the key decisions taken by the GST Council and provided clarity on several…