Jet fuel & India — Ministry of Petroleum and Natural Gas

Jet fuel: The export duty on Jet fuel (ATF) has been lowered to Rs 9.5 per litre, influencing its export market from India.

India — Ministry of Petroleum and Natural Gas: The India — Ministry of Petroleum and Natural Gas>>> is the primary government agency responsible for implementing and overseeing the fuel security measures, including strategic reserves, supply management, and enforcement actions. Its joint secretary, Sujata Sharma, is the key spokesperson for these initiatives.

Jet fuel: Jet fuel>>> prices in India>>> are experiencing an under-recovery of approximately Rs 30 per litre, tracking international market fluctuations, which impacts airlines and related industries.

India — Ministry of Petroleum and Natural Gas: The India — Ministry of Petroleum and Natural Gas>>> is responsible for implementing policies related to fuel prices and supply management in India>>>, directly influencing the domestic market.

Jet fuel: A Special Additional Excise Duty was imposed on Jet fuel exports to curb windfall gains by refiners and boost domestic availability.

India — Ministry of Petroleum and Natural Gas: The India — Ministry of Petroleum and Natural Gas reported significant under-recoveries for public sector oil marketing companies due to global petroleum price increases.

Jet fuel: The export duty on Jet fuel (ATF) was raised to Rs 12.5 per litre, intended to discourage its export and secure domestic supplies.