India’s aviation sector received a significant boost on Wednesday as the price of Aviation Turbine Fuel (ATF), commonly known as jet fuel, was reduced by approximately ₹5 per litre following a decline in international crude oil prices. The move comes after weeks of volatility in global energy markets and is expected to ease operational cost...
In a significant move aimed at protecting India’s aviation sector from global energy market turbulence, the Union Cabinet has approved a one-time ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund. The measure is designed to shield domestic airlines from sharp fluctuations in jet fuel prices that have emerged due to ongoing geopolitical tensions and...
Consumers across India faced another surge in fuel costs on Friday as petrol and diesel prices were increased for the third time within just 10 days. The latest revision has intensified concerns over inflationary pressure and rising transportation expenses, especially at a time when households and businesses are already grappling with elevated living costs. According...
India witnessed another sharp increase in fuel prices as petrol and diesel rates were revised upward for the second time within a week, adding further pressure on household budgets and transportation costs. State-run oil marketing companies increased fuel prices by nearly 90 paise per litre across several metropolitan cities, following an earlier hike of ₹3...