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Tag: ATF Jet Fuel

Delhi Flies Up Prices Of Aviation Turbine Fuel (ATF) By 8.7%

,[New Delhi] Delhi Flies Up Prices Of Aviation Turbine Fuel (ATF) By 8.7%
Aviation Turbine Fuel (ATF), or jet fuel, price was today hiked by 8.7 per cent
ATF price in Delhi was raised by Rs 3,371.55 per kilolitre (kl), or 8.69 per cent, to Rs 42,157.01 per kl, oil companies said today.
The hike comes on the back of a marginal 1.3 per cent or Rs 515.85 cut in rates on March 10.
Prior to that, rates were hiked by steep 12 per cent, or Rs 4,174.49, on March 1,
almost neutralising a Rs 4,765.5 cut on February 1.
The March 1 hike broke the cycle of three consecutive monthly price reductions.
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 price increase will add to the financial burden on cash-strapped carriers.
The ATF price cut on March 10 was on account of change in taxation.

Profit Making Domestic 4 Airliners Demand Roll Back In Irrational ATF

[New Delhi]Airliners Demand Roll Back In Irrational ATF
Airlines body FIA demanded roll back in jet fuel prices
FIA today demanded a roll back of the 12 per cent hike in jet fuel prices by oil companies and sought appointment of an independent price regulator to deal with the issue of “irrational” pricing.
In a letter to Civil Aviation Minister Ashok Gajapathi Raju today, Federation of Indian Airlines (FIA) threatened to move fair trade watchdog CCI if the “non-transparent” price increase continues.
FIA is a body of four established domestic private Profit Making airlines –Jet Airways+ IndiGo+SpiceJet + GoAir.
Aviation Turbine Fuel (ATF), or jet fuel, price was yesterday hiked by 12 per cent by the oil marketing companies on global cues.making air travel more costly
Jet fuel constitutes over 40 per cent of an airlines operating cost and any upward increase in the prices pushes up the cost of operations of the carrier.
The FIA also keeps open its option to pay for fuel in line with the earlier charges
According to FIA, the average price per barrel (MOPAG) from January 2016 to February 2016 has declined by 22 per cent from a rate of USD 46.49 per barrel to 36.1 per barrel while during this period the exchange rate variation has been 1 per cent from Rs 67.60 to Rs 68.20.
Body says
During this period there has been no variation in sales tax.