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Govt hikes windfall tax on diesel to Rs 55.5/litre, ATF to Rs 42/litre

Govt hikes windfall tax on diesel to Rs 55.5/litre, ATF to Rs 42/litre

The Indian government has significantly increased the windfall tax on diesel and aviation turbine fuel (ATF) exports, effective immediately, aiming to bolster domestic fuel supply and mitigate the impact of volatile global crude oil prices. Photograph: Mansi Thapliyal/Reuters Key Points

Aviation Minister Announces Staggered Jet Fuel Price Hike to Protect Passengers

Aviation Minister Announces Staggered Jet Fuel Price Hike to Protect Passengers

Civil Aviation Minister K Rammohan Naidu has announced a pragmatic, staggered increase in jet fuel prices for domestic airlines, a move designed to shield passengers from potentially steep fare hikes amidst rising global energy costs and West Asia airspace curbs.