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2 mins read
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
2 mins read
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
4 mins read
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…
2 mins read
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
1 min read
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
1 min read
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
1 min read
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
1 min read
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…
4 mins read
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…
4 mins read
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 …
2 mins read
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
4 mins read
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…
2 mins read
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
1 min read
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…
2 mins read
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. …
2 mins read
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…
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…
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…
1 min read
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 …
3 mins read
Jet fuel now costs less than a third of diesel price in India
Aviation turbine fuel (ATF) price has been cut by Rs 6,812.62 per kilolitre, or 23.2 per cent, to R…