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ATF News

Windfall tax for domestic crude oil slashed to Rs 4,100 per tonne; no duty on export of diesel, petrol, ATF

The windfall gains tax on domestically produced crude oil has been slashed to the tune of Rs 4,100 per tonne…

May 2, 2023 07:51 IST

Windfall tax for domestic crude oil reimposed; duty on export of diesel slashed

The windfall gains tax on domestically produced crude oil has been reimposed to the tune of Rs 6,500 per tonne…

Updated: April 19, 2023 07:49 IST

Govt slashes windfall tax on crude production to zero; diesel windfall gains tax cut to Rs 0.5 per litre

The government cut the windfall gains tax on domestically produced crude oil to zero on Tuesday.

April 4, 2023 11:51 IST

Tax hike on diesel exports, windfall gains tax on crude oil production cut to Rs 3500 per tonne

In its fortnightly review, the government hiked the export duty on diesel while slashing the tax on the domestic production…

Updated: March 21, 2023 07:32 IST

Windfall tax slashed on crude, fuels; check duty cuts on diesel, petrol, ATF exports

The additional duty on diesel has been brought down to Rs 2.5 from Rs 7.5/litre earlier and the levy on…

February 16, 2023 08:55 IST

crude oil, aviation fuel, diesel, commodities marketcrude oil, aviation fuel, diesel, commodities market

Windfall taxes on domestically produced crude oil, ATF and diesel exports cut

The windfall tax on export of ATF has been lowered to Rs 3.5 per litre from Rs 4.5 per litre…

January 18, 2023 02:50 IST

Government cuts windfall tax on crude, export taxes on fuels; check duty cuts on ATF, diesel

Windfall gains tax on crude has been cut to Rs 1,900 per tonne from Rs 2,100 per tonne earlier. The…

January 17, 2023 07:01 IST

windfall taxes, ATF, diesel exports, crude oil, aviation turbine fuel, Modi govt

Centre hikes windfall taxes on crude, ATF, diesel exports

The tax on locally produced crude oil has been hiked to Rs 2,100 per tonne from Rs 1,700 per tonne,…

January 4, 2023 00:05 IST

windfall tax, diesel, petrol, crude, atf

Windfall tax raised on crude, fuels; check duty hikes on diesel, petrol, ATF exports, local crude oil

The windfall tax on crude oil has been raised to Rs 2,100 per tonne from Rs 1,700, a notification issued…

Updated: January 3, 2023 07:54 IST

crude oil, crude, crude oil prices, windfall tax

Windfall tax cut on oil, fuels; check duty cuts on diesel, petrol, ATF exports, local crude

Windfall tax is levied as a special additional excise duty which is aimed at absorbing the super-profits earned by domestic…

Updated: December 16, 2022 08:35 IST

Windfall tax raised on crude oil, levy on diesel cut; duty on ATF export unchanged in fortnightly review

In the ninth fortnightly revision of windfall tax, the tax rate on export of diesel has been cut to Rs…

Updated: November 17, 2022 09:44 IST

Windfall tax cut on crude oil; levy on diesel, ATF export hiked in eighth fortnightly review

The government on Tuesday cut windfall tax on the export of locally produced crude oil to Rs 9,500 per tonne…

November 2, 2022 08:29 IST

Jyotiraditya Scindia urges states to reduce tax on jet fuel

Air traffic growth will be driven by smaller cities, he said and emphasised the need for developing airport infrastructure in…

Updated: October 18, 2022 15:08 IST

High ATF prices to slow down recovery in aviation industry, domestic airlines to remain under pressure

Domestic airlines have been increasing yields, but the same has not been adequate to offset the impact of the rising…

September 18, 2022 11:19 IST

windfall gains tax, diesel export, crude export

Tax hike on diesel, jet fuel exports, domestic crude oil production; govt raises levy on windfall gains

The central government on Wednesday hiked the windfall profit tax on exports of diesel and Aviation Turbine Fuel (ATF).

September 1, 2022 09:57 IST

ATF and commercial LPG prices cut

Following the latest reduction, ATF now costs Rs 1,21,915.75 per kilo litre (KL) in Delhi, the latest price notification by…

August 2, 2022 00:40 IST

This is only the second occasion when the rates have been slashed this year. Prices of ATF were reduced on June 1 as well, by Rs 1,563.97 per kilolitre or 1.3%.

ATF prices cut: Aviation turbine fuel price slashed by 2.2%

ATF now costs Rs 1,38,147.93 per kilolitre in Delhi, the latest price notification by state-run fuel retailers showed. The price…

July 17, 2022 06:15 IST

Till the export levy was imposed on July 1, there was no issue as ATF used by domestic airlines’ overseas flights were exempt from the basic excise duty along with foreign airlines refueling in India as they were deemed exports.

ATF purchases by Indian carriers for overseas flights exempt from 11% excise duty: Finance Ministry

“When such goods are cleared for exports or supplied as fuel to foreign going aircraft,” the duty will not apply…

July 9, 2022 00:30 IST

$12 billion windfall for govt from windfall tax on oil firms

On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF),…

July 5, 2022 13:56 IST

Also, this is the first summer season after a gap of two years of the pandemic, so the companies are hoping to make good ticket sales on the back of a pent-up travel demand.

ATF Price: Airfares set to take off on aviation turbine fuel price hikes

The continuous rise in jet fuel prices will impact the profitability of Indian carriers, and with the rise in air…

June 17, 2022 01:30 IST

ATF prices hiked by 16%; touch new record

The price of aviation turbine fuel (ATF) — the fuel that helps aeroplanes fly — has been increased by Rs…

Updated: June 16, 2022 19:00 IST

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

A minimum 10-15 per cent increase in air fares is required to ensure that cost of operations are better sustained,…

June 16, 2022 12:17 IST

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Metro trains stationed at Nagasandra Metro station during the inauguration of the Peenya Industrial area-Nagasandra route in Bangalore. Snapping its…

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