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Extreme heat melts diesel demand, sales drop 4% in June

India's diesel demand slumped in June as extreme heat conditions in parts of the country curtailed …

PTI   


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Govt hikes windfall profit tax on crude oil, cuts levy on diesel exports

The government on Tuesday increased the windfall profit tax on crude oil produced in the country an…

PTI   


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Domestic air passenger traffic grows to about 138.9 million in May, sees 5.1% annual increase: Icra

Domestic air passenger traffic grew 5.1 per cent year-on-year to an estimated 138.9 million in May …

PTI   


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India Inc might see margin squeeze with a crude shock at hand

Since the start of September, Brent crude has risen from $85 per barrel to $92 a barrel approximate…

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Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

PTI   


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Govt hikes windfall tax on crude petroleum, cuts levy on diesel

The government has hiked windfall tax on domestically produced crude oil to Rs 4,600 per tonne from…

PTI   


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Govt cuts windfall tax on diesel, ATF exports but raises levy on domestic crude

The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening int…

PTI   


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Reliance Industries makes a new pact with BP to sell jet fuel in India

"BP and RIL agreed to form a new joint venture that will include a retail service station networ…

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SpiceJet: In the eye of a perfect storm

The airline has reported eight malfunction incidents in the last 18 days, which led to a notice fro…

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It’s not just COVID-19 ⁠— SpiceJet’s survival is getting challenged by rising costs, low cash, and new players with deep pockets

The odds of SpiceJet’s survival are turning against the Gurugram-based low-cost airline with every …

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SpiceJet hiked its ticket prices; Indigo and others might follow suit

The share price of the Indian aviation companies like Indigo, Jet Airways and others dropped on Thu…

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ATF cost up 2.6%; non-subsidised LPG price hiked by Rs 19

New Delhi, Jan 1 () Jet fuel or ATF price was on Wednesday hiked by 2.6 per cent and that of non-su…

PTI   


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Govt hikes windfall tax on domestic crude, reduces levy on export of diesel

As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notificatio…

ANI   


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Aviation turbine fuel costlier by 5.5%, LPG goes cheaper by Rs 11

Oil firms have also cut prices of non-subsidised LPG, which consumers buy after exhausting their qu…

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SpiceJet sheds ₹400 crore in value within an hour of trading as CFO quits and losses mount

SpiceJet’s shares plunged after its CFO resigned and the company reported wider losses in Q1 FY23. …

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India gives its airlines a breather by cutting duties on jet fuel

India’s aviation sector hasn’t had an easy go of it this year. The losses have been mounting as fue…

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5 mins read

Sub-zero WTI crude prices mean nothing for India — the impact could even be negative, says expert

One would think that World Texas Intermediate (WTI) Crude’s futures prices falling below $0 — to mo…

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3 mins read

SpiceJet is staring at another quarter of losses as air travel continues to remain dull

The pandemic slump continues to weigh on the aviation sector. After IndiGo reported losses in its s…

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Air travel to get costlier as jet fuel prices rise further

Air travel is expected to get costlier as oil marketing companies on Wednesday raised the aviation …

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Govt removes windfall tax on crude oil production, cuts for diesel

The Central government has slashed windfall tax on crude oil production to zero from Rs 3,500 rupee…