Jet fuel price cut by 2.2%
The Hindu
Aviation turbine fuel prices were cut by ₹3,084.94 per kilolitre.
Jet fuel (ATF) prices on Saturday, July 16, 2022, were reduced by 2.2 per cent, reflecting a fall in international oil prices.
Aviation turbine fuel (ATF) prices were cut by ₹3,084.94 per kilolitre, or 2.2 per cent, to ₹138,147.93 per kl, a price notification of state-run fuel retailers showed.
This is only the second reduction in rates this year. Prices had peaked to ₹141,232.87 per kl (₹141.23 per litre) last month.
ATF prices are revised on the 1st and 16th of every month based on rates of benchmark international oil rates in the previous fortnight.
There was no change in rates on July 1.
Prior to that, prices were hiked by the steepest ever 16 per cent to catapult rates to an all-time.
International oil prices have softened since on fears of recession in major economies. Oil prices are at pre-Ukraine war levels.
IndiGo flight cancellations: Follow LIVE updates from The Hindu as IndiGo's operations face issues with over 400 flights cancelled today.
DGCA grants IndiGo exemption from night-duty limits for pilots amid widespread flight cancellations and operational disruptions.
RBI to launch a two-month campaign in January 2026 to address pending grievances with the Ombudsman for improved customer service.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.