Aviation Turbine-fuel

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Aviation Turbine-fuel - Total results - 56
Coronavirus Outbreak: Reliance Industries cuts crude processing at Jamnagar SEZ refinery by 24%
Business

Coronavirus Outbreak: Reliance Industries cuts crude processing at Jamnagar SEZ refinery by 24%

Reliance Industries Ltd has cut crude oil processing at its exports-only refinery at Jamnagar in Gujarat in March by close to one-fourth as it joins public sector oil firms in cutting run-rate to align production with a coronavirus-induced slump in fuel consumption

Coronavirus Outbreak: Petrol, diesel demand to pick up as govt allows trucks to ply, some industries to resume ops
Business

Coronavirus Outbreak: Petrol, diesel demand to pick up as govt allows trucks to ply, some industries to resume ops

Petrol and diesel consumption, which saw its biggest-ever decline in the aftermath of a nationwide lockdown, is likely to pick up in the second half of the month as the government has allowed trucks to ply as well as farmers and industries in rural areas to resume operations after 20 April

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait
Business

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait

India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown

India's fuel demand tumbles 11% in March as coronavirus outbreak hits aviation, transport sectors
Business

India's fuel demand tumbles 11% in March as coronavirus outbreak hits aviation, transport sectors

India's fuel demand has dropped by a steep 10-11 percent in the first two weeks of March as the outbreak of coronavirus (Covid-19) led to the cancellation of flights and a reduction in industrial activity

Jet fuel price cut by steep 10%; non-subsidised cooking gas costs Rs 53 less as international oil declines
Business

Jet fuel price cut by steep 10%; non-subsidised cooking gas costs Rs 53 less as international oil declines

Jet fuel (ATF) prices were on Monday slashed by a steep 10 percent, the second straight reduction in rates in as many months, as international oil prices slumped on fears of the spread of coronavirus

Indian aviation sector outlook remains 'negative' amid coronavirus outbreak: ICRA report
Business

Indian aviation sector outlook remains 'negative' amid coronavirus outbreak: ICRA report

The outlook for India's aviation industry remains "negative" in the wake of coronavirus outbreak, which has resulted in many international passengers cancelling their travel to South East Asian countries, according to rating agency ICRA

Non-subsidised LPG price hiked by Rs 19 per cylinder, jet fuel cost up 2.6% on rise in international rates
Business

Non-subsidised LPG price hiked by Rs 19 per cylinder, jet fuel cost up 2.6% on rise in international rates

Jet fuel or ATF price was on Wednesday hiked by 2.6 percent and that of non-subsidised cooking gas LPG by Rs 19 per cylinder on the back of a rise in international rates

Relief for Air India: OMCs defer decision to suspend fuel supplies after national carrier promises to clear dues
Business

Relief for Air India: OMCs defer decision to suspend fuel supplies after national carrier promises to clear dues

State-owned fuel retailers on Friday decided to defer their decision to suspend jet fuel supplies to Air India after the national carrier promised to make regular payments to clear outstanding dues, officials said

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise
Business

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise

State-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered

Air India wants govt to provide Rs 2,500 crore as debt; airline owes Rs 4,500 cr in fuel dues, hasn't paid in 200 days
Business

Air India wants govt to provide Rs 2,500 crore as debt; airline owes Rs 4,500 cr in fuel dues, hasn't paid in 200 days

In the current fiscal Air India hasn't got any equity support from the Centre and is now finding it hard to meet working expenses

RIL AGM 2019: BP to pay Rs 7,000 cr for 49% stake in Reliance Industries' fuel retail network
Business

RIL AGM 2019: BP to pay Rs 7,000 cr for 49% stake in Reliance Industries' fuel retail network

British energy giant BP will pay about Rs 7,000 crore for acquiring a 49 percent stake in Reliance Industries' fuel retailing network, billionaire Mukesh Ambani said on Monday

Reliance Industries, BP form joint venture to set up 5,500 petrol pumps; retail aviation turbine fuel for airlines in India
Business

Reliance Industries, BP form joint venture to set up 5,500 petrol pumps; retail aviation turbine fuel for airlines in India

Reliance Industries and UK's BP plc have agreed to form a new joint venture to set up 5,500 petrol pumps and retail aviation turbine fuel to airlines in India, the two firms said on Tuesday

Aviation Turbine Fuel price cut by 5.8% to a four-month low as crude oil rates soften; subsidised LPG by Rs 3
Business

Aviation Turbine Fuel price cut by 5.8% to a four-month low as crude oil rates soften; subsidised LPG by Rs 3

Jet fuel price was on Monday cut by a steep 5.8 percent to a four-month low on softening international oil prices, according to state-owned fuel retailers

Taxation imbalances in Indian aviation sector need to be corrected: SpiceJet chief Ajay Singh
Business

Taxation imbalances in Indian aviation sector need to be corrected: SpiceJet chief Ajay Singh

Asserting that Indian aviation sector has terrific potential, SpiceJet chief Ajay Singh has said imbalances in regulatory and taxation structure need to be corrected for the sector, which can be a bright spot of the economy

Aviation turbine fuel under GST will ensure level playing field for domestic airlines: Suresh Prabhu
Business

Aviation turbine fuel under GST will ensure level playing field for domestic airlines: Suresh Prabhu

Airlines have been demanding inclusion of aviation turbine fuel in the new indirect tax regime.

Non-subsidised LPG price hiked by Rs 5 per 14.2-kg cylinder, jet fuel price by 1% to Rs 63,472 per kilolitre
Business

Non-subsidised LPG price hiked by Rs 5 per 14.2-kg cylinder, jet fuel price by 1% to Rs 63,472 per kilolitre

Jet fuel price was on Monday hiked by over one percent, the second straight monthly increase in rate coming on the back of firming global prices

Aviation turbine fuel price hiked by 8.1%, cost still less than petrol, diesel
Business

Aviation turbine fuel price hiked by 8.1%, cost still less than petrol, diesel

Jet fuel price was hiked Friday by a steep 8.1 percent to its costliest level this year as international oil prices rose, state-owned oil firms said

SpiceJet chief Ajay Singh favours airfare hike in India 'as demand is strong'; says country fast emerging as aviation power
Business

SpiceJet chief Ajay Singh favours airfare hike in India 'as demand is strong'; says country fast emerging as aviation power

Singh said that there are challenges also, such as infrastructure challenges, but the government is putting a lot of efforts for building new airports.

ICRA downgrades crisis-hit Jet Airways' credit rating; lenders seek details on root cause of financial stress
Business

ICRA downgrades crisis-hit Jet Airways' credit rating; lenders seek details on root cause of financial stress

Jet Airways is in discussions with the State Bank of India for raising Rs 1,500 crore short-term loan to meet its working capital requirement and some payment obligations.