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JET FUEL PRICE INCREASE
IndiGo shares sink 3% after Rs 238 crore Q1 loss, but why are Citi and Nuvama raising target prices?InterGlobe Aviation (IndiGo) reported a Q1FY27 net loss of Rs 238 crore as soaring fuel costs pushed expenses ahead of revenue growth. Desp...
Cross-ownership could create conflict of interest, says IndiGo MD; airline posts Rs 382 crore Q1 loss despite 20% revenue growthIndiGo warns against airport operators owning airlines, citing a massive conflict of interest. The airline reported a significant quarterly...
Domestic air passenger traffic to rise by 3-6 pc in this fiscal: ICRAThe domestic air travel sector is projected to see a growth of three to six percent in the current fiscal year, while Indian airlines may e...
West Asia conflict: Indian airlines cancelled 26,000 international flights due to airspace curbs till July 20Indian airlines have cancelled approximately 26,000 international flights until July 20. The US-Iran conflict has caused significant airspa...
Top OMCs post losses with government weighing relief measuresState-run oil companies HPCL and BPCL reported significant losses for the April-June quarter. This occurred as they sold petrol, diesel, an...
Domestic air traffic falls 12% to 1.35 crore in June on monthly basisDomestic air traffic saw a nearly twelve percent decline in June. IndiGo's market share increased to sixty-six point three percent from May...
Ethanol ATMs coming soon: The biofuel story is racing ahead of E20India's ethanol policy is entering a new phase as the government explores ethanol ATMs, ethanol cooking fuel, sustainable aviation fuel (SA...
As Russia deploys jet-powered Shaheds, companies turn to faster interceptor dronesUkrainian companies are developing faster interceptor drones to counter Russian jet-powered Shaheds. SkyFall unveiled its P1-SUN Jetkiller,...
Relieved that crude has finally fallen? The real warning signs just began flashing elsewhereAs the Iran crisis enters its fifth month, traders have become increasingly convinced that Trump will do almost anything to avoid a politic...
Pakistan raises jet fuel price by PKR 40.35 per litre amid global oil market volatilityPakistan has increased jet fuel prices by PKR 40.35 per litre, reaching PKR 291.55. This follows a previous hike, bringing the total increa...
Pakistan to revise oil prices daily amid renewed West Asia tensionsPakistan fuel price: Pakistan will now adjust petroleum prices daily to manage oil price fluctuations. The government aims for greater tran...
Chinese airlines order 95 Airbus jets with list price of $17.8 billion to expand fleetsThree Chinese airlines are purchasing ninety-five Airbus aircraft valued at seventeen point eight billion dollars. Air China and Shenzhen A...
LPG subsidy bill may top Rs 1 lakh crore in FY27, create Rs 70,000 cr gap over Budget allocationIndia's LPG subsidy bill may surpass Rs 1 lakh crore in fiscal year 2027. This projection indicates a significant shortfall against the bud...
Apple raises AppleCare+ subscription prices for these buyers. Check detailsApple has raised AppleCare+ monthly and annual subscription fees for new Mac and iPad buyers. Existing customers will maintain their curren...
China's oil fortress will reshape the global orderChina shielded itself from the Iran war's energy shock by cutting crude imports and restricting fuel exports. This move demonstrated its ca...
Asian refiners may be the surprise winners of fresh fuels crunchAsian refiners are well positioned to ship petroleum products globally. Renewed Middle East conflict and Russian diesel export bans are tig...
India’s youngest airline Akasa Air seeks funds as Iran war drives up costsAkasa Air is raising funds through equity and debt to navigate industry challenges. The airline seeks eight billion rupees from investors a...
India refiners reap fuel export windfall as war drives shortagesIndia's oil-product shipments are projected to reach their highest level since September. Refiners are capitalizing on strong profit margin...
How Europe is keeping planes flying despite jet fuel risksEurope faces significant jet fuel supply risks due to Middle East tensions. The region imports heavily and has limited reserves for disrupt...
India's Russian crude imports hit record in Jun even as Moscow's oil revenues slipIndia's Russian crude oil imports reached a record high in June. This surge made India the second-largest buyer of Russian hydrocarbons glo...