Aviation Fuel
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Airlines may post steepest losses in a decade in FY19 owing to higher aviation fuel costs and falling rupee: Crisil
•Pitching for a 12 percent hike in airfares to offset the increased costs, the report also forecasts debt liability of three listed airlines to go up by 10 percent by FY19
Council to discuss bringing natural gas in GST in next meeting, says government official
•While petroleum products like kerosene, naphtha and LPG are under the ambit of GST, five items in the basket -- crude oil, natural gas, aviation fuel, diesel and petrol -- have been excluded during the initial years
Bring petroleum products under GST; why destroy an architecture after creating it, asks Haseeb Drabu
•While products like kerosene, naphtha and LPG will be under the ambit of GST, five items — crude oil, natural gas, aviation fuel, diesel and petrol — have been excluded from the basket for the initial years.
SpiceJet, Reliance and the direct jet fuel import farce
George •SpiceJet has reportedly asked Reliance to arrange for direct jet fuel imports. But, is buying from Reliance or Essar really direct import?
Centre asks states to slash VAT on aviation fuel
Fp Archives •The Centre on Tuesday asked state governments to slash value added tax (VAT) on jet fuel to four percent to provide succour to cash-strapped airline industry, which posted a combined loss of over Rs 9,700 crore and had a total debt burden of Rs 87,779 crore in 2012-13.
Goa does it again: Slashes VAT on aviation fuel
Fp Archives •In a bid to arrest slump in arrivals and insulate itself from rising airfares during the upcoming tourist season, the Goa government has decided to offer incentives to all airlines refuelling themselves in the beach destination.