Companies say the viability of 13,000 megawatts worth of projects, which have fixed power sale tariffs, hinge on the government decision.
'The price increases, particularly in respect of cooking gas, that is domestic LPG and PDS kerosene, have been quite minimal.'
The tenth-largest US airline, ATA Airlines has filed for bankruptcy protection and sold off airport slots and other assets to AirTran Airways for $ 87.6 million, to become the latest US airline plagued by rising fuel costs and fare wars.
Petrol, diesel, LPG and kerosene prices are unlikely to be revised immediately as the Congress-led Government, which is yet to assume office
The alliance, announced in a late night press conference on Monday, will involve code-sharing on domestic and international flights, an interline agreement, joint fuel management, common ground-handling services and cross-selling flights through the global ticketing system.
Big-ticket investments taking off is crucial for Kerala given the years it lost to labour militancy courtesy the same political forces currently in power, explains Shyam G Menon.
All major airlines in the country are likely to hike the fuel surcharge by Rs 100 with effect from September 5, raising the total surcharge to Rs 750.
For India, it is a symbol of will and a successful feat of arms.
A new study by engineers at the Indian Institute of Technology Delhi has determined that a simple redesign of public buses used in hot and dry climates could make passengers more comfortable without the need to use extra fuel running air conditioning.
The excise duty on unbranded petrol was increased from Rs 5.46 per litre to Rs 7.06 a litre.
British scientists have developed low-cost and environment-friendly "artificial petrol" which may cost around Rs 14 a litre and could be available at pumps in as early as three years.
India, where energy consumption per person is among the lowest in the world, has little elasticity in its fuel use as it tries to power exports and agriculture to help boost its economy and stave off a currency crisis.
Petrol and diesel will cost less in coastal areas than inland locations if Petroleum Minister Ram Naik approves a differential pricing policy
Retail inflation declined to a 25-month low of 4.25 per cent in May mainly on account of softening prices of food and fuel items, with experts saying that RBI is expected to hold interest rates steady in the current fiscal. This is the fourth straight month when retail inflation has declined and the third straight month of Consumer Price Index (CPI) based inflation remaining within the RBI's comfort zone of below 6 per cent. CPI-based inflation stood at 4.7 per cent in April and 7.04 per cent in May 2022.
Faced with the prospect of revenue loss on fuel jumping to Rs 700 billion (Rs 70,000 crore) next fiscal, Petroleum Ministry on Wednesday called for "harsh decisions" even as it hinted that cleaner Euro-IV fuel in 13 metro cities will cost more from April 1.
The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut steeply to Rs 1,700 per tonne from Rs 4,900, the order dated December 15 said. Crude oil pumped out of the ground is refined and converted into fuel like petrol, diesel and aviation turbine fuel (ATF).
In his dare, the Congress president asked the PM to reduce the spiralling fuel prices in the country or face a nationwide stir by his party.
Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits.
The last revision was done in June wherein passenger fares were revised by 4.2 per cent and freight rates by 1.4 per cent.
Petrol and diesel will cost Rs 2 a litre less from Wednesday after the first excise duty cut by the Modi government comes into effect.
A severe squeeze on margins has prompted leading international airlines such as Virgin Atlantic, Sri Lankan Airlines, Austrian Airlines, Delta, KLM, Syrian Airlines, Aeroflot, All Nippon Airways, Singapore Airlines, Lufthansa and Finnair to withdraw over 100 flights in the last six months.
'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'
Reliance Industries Ltd on Friday reported an 11 per cent drop in its June quarter net profit largely due to weak oil-to-chemical (O2C) vertical and higher interest and depreciation cost. Net profit was Rs 16,011 crore, or Rs 23.66 per share, in April-June - the first quarter of current 2023-24 fiscal year - compared with Rs 17,955 crore, or Rs 26.54 a share, earning a year back, according to a company's stock exchange filing.
The US grounded the entire fleet of the Chinooks over fuel leaks that caused a "small number" of engine fires.
The outer structure of Navi Mumbai International Airport's first terminal building is almost ready. Exactly behind the under-construction building, stands a partially demolished hill. Executives from the airport company are now hopeful the hill will be flattened by mid-January, paving the way for the first commercial take-off by December next year.
Economic Survey says Indian carriers operate in an exceptionally high-cost environment.
The civil aviation industry, which was hit hard by the global financial meltdown and high fuel cost, saw a strong recovery in 2010 with the domestic passenger traffic rising 19 per cent to 51.53 million, the Economic Survey said on Friday.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said there is a need for coordinated action between the centre and state governments to reduce taxes on petrol and diesel prices. "There is a need for coordinated action between the centre and states because there are inherent taxes levied by both," the Governor said adding that calibrated reduction of taxes was important. He was speaking at an event organised by Bombay Chamber of Commerce.
The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
A senior civil aviation ministry official said this was one of the key issues discussed during Civil Aviation Minister Praful Patel's meeting with Prime Minister Manmohan Singh on Wednesday to ask for a relief on ATF. Top airline executives like Jet Airways Chairman Naresh Goyal and Kingfisher Airlines Chairman Vijay Mallya also met the PM to highlight the issue.
Feeling the pinch because of the rising costs of fuel, Americans long used to gas guzzling vehicles with power and speed are steadily moving to smaller and energy efficient cars, says an Indian professor at the Massachusetts Institute of Technology (MIT).
Issues like high insurance cost and the announced price hike effective January could also weigh on sales in 2019. The only bright spot is the softening seen in fuel prices over the past month.
Jet Airways in which Abu Dhabi's Etihad is buying a stake, reported its worst quarterly loss on record as carriers in Asia's third-biggest economy battle high fuel costs and taxes.
On the Rs 20,000-crore (Rs 200-billion) modernisation of Delhi and Mumbai airports, the survey said work is in progress, adding that while the Delhi Airport project is likely to be completed by 2010, work at Mumbai airport will be over by 2012.
The research could have implications for airlines, passengers, and airports.
India's four-wheeler sector may post a flat profit growth in the first quarter due to a rise in input costs. The cost of automobile steel, which constitutes about 40 per cent of the total raw materials, rose by more than 25 per cent during the three-month period. Prices of raw materials like aluminium, copper, rubber and fuel also appreciated significantly.
GCMMF member daires do not rule out the possibility of price rise.
No-frills airline IndiGo on Monday announced placing a firm order for 500 A320 family planes with European aviation major Airbus at the Paris Air Show. This is the largest ever aircraft order placed by any airline with Airbus, IndiGo said in a statement. Financial details of the order were not disclosed.
