Govt caps ATF price hike for domestic airlines at 25% amid global fuel shock

April 1, 2026 4:14 PM

Govt caps ATF price hike for domestic airlines at 25% amid global fuel shock

In a move aimed at shielding domestic air travel from a sharp surge in global fuel prices, the government has capped the increase in Aviation Turbine Fuel (ATF) prices for domestic airlines at 25%, significantly lower than the over 100% rise indicated by international benchmarks. The Ministry of Petroleum and Natural Gas said the intervention comes in response to an “extraordinary situation in global energy markets” triggered by the closure of the Strait of Hormuz, a critical route for glob...

Govt withdraws windfall tax on ATF, crude, petrol, and diesel, easing burden on oil companies

December 2, 2024 6:56 PM

Govt withdraws windfall tax on ATF, crude, petrol, and diesel, easing burden on oil companies

The government on Monday announced the withdrawal of the windfall tax on Aviation Turbine Fuel (ATF), crude oil, petrol, and diesel through a notification introduced in the Lok Sabha. The decision comes as a major relief for oil companies like Reliance Industries and ONGC, which had been bearing the burden of the tax since its imposition in July 2022. The windfall tax was initially introduced to capture a portion of the excess revenue earned by oil companies due to soaring global crude prices a...