Center cuts fuel price for domestic airlines by ₹5 per liter — Check updated price after last revision | Today’s news
The Central Government has revised the price of Aviation Turbine Fuel (ATF) for Indian domestic airlines. After the latest change, which took effect on Wednesday, July 1st, the price of ATF fell ₹5 per litre, ANI reported. The current price is ₹110 per liter while easing global oil volatility and stabilizing domestic logistics.
This ATF price revision comes a day after authorities adjusted export duties on petrol, diesel and jet turbine fuel for a fortnight starting July 1. While excise duty on petrol and diesel remained unchanged, export duties on petrol, diesel and jet turbine fuel were revised.
The Finance Ministry on Tuesday issued two notifications to update the Special Additional Excise Duty (SAED) on fuel exports as part of the fortnightly review of export levies that was introduced on March 27. The move was made to ensure domestic availability of petroleum products by discouraging exports amid the crisis in West Asia.