States must reduce VAT on turbine fuel to boost air traffic: VK Singh
“The Centre has held talks with the State Governments and has requested them to reduce their rates which are sometimes as high as 30 per cent”
“The Centre has held talks with the State Governments and has requested them to reduce their rates which are sometimes as high as 30 per cent”
The increase in rates will add to the margin woes of airlines who continue to operate flights at less than capacity, amid pandemic-driven travel restrictions.
"The credit metrics are likely to improve in FY2022 due to a decline in debt levels and improvement in profitability."
The rates have been increased across the country, but depending on the incidence of local sales tax or VAT these vary from state to state.
Fuel prices, on the other hand, continued for the 10th day in a row on the back of firming international oil rates.
With the new hike, the price has risen to Rs 593.00 in Delhi, Rs 616.00 in Kolkata, Rs 590.50 in Mumbai and Rs 606.50 in Chennai.
With effect from January 1, the non-subsidised LPG rates were revised to Rs 714 per cylinder in Delhi and Rs 684.50 per cylinder in Mumbai.
Aviation turbine fuel (ATF) price has been cut by over 5 per cent, reversing a two-month rising trend, while rates…
Aviation turbine fuel (ATF) price has been cut by over 5 per cent, reversing a two-month rising trend, while rates…
Aviation turbine fuel (ATF) price was on Thursday cut by 3.7 per cent while subsidised LPG rate was hiked by…
