SINGAPORE JET FUEL MARKET

India's jet fuel exports to Asia are surging, driven by refinery issues in the region and attractive pricing. This surge is expected to reach multi-year highs in November, exceeding 2.7 million barrels. The increase in supply, coupled with refinerie...

India's airline industry is undergoing a major transformation as Vistara merges with Air India and IndiGo ventures into business class. The merger creates a stronger competitor for IndiGo, while IndiGo's move challenges Air India's dominance in the ...

Vistara is set to merge with Air India, leaving India with only one full-service carrier. This marks the end of Vistara's journey and the decline of full-service carriers in India over the past two decades. The merger also signifies the conclusion o...

Russian fuel oil and vacuum gasoil (VGO) exports dipped 3% in October, with India and Saudi Arabia emerging as top recipients. While Saudi imports dipped, India's intake surged as it sought cheaper alternatives to Urals crude. China, another major i...

India's aviation sector, despite booming growth and government investment, is grappling with a duopoly. Two major airlines control over 90% of the market, potentially limiting passenger choices and impacting airfares. While challengers like SpiceJet...

Once India's top airline, Jet Airways, founded by Naresh Goyal, ceased operations in 2019 due to financial troubles. Despite a resolution plan approved in 2020, the airline faced liquidation as the plan failed. Goyal, who rose from humble beginnings...

India's petrol consumption increased by 7.3 per cent in October due to festive season demand. However, diesel sales decreased by 3.3 per cent, partly due to lower agricultural demand from extended rains. LPG and ATF sales saw year-on-year increases,...

The Centre has categorized blended aviation turbine fuel under mineral items, introducing excise duties, and is considering voluntary use by 2024 and mandatory by 2027. The aviation industry is concerned about increased fuel costs and potential need...

IndiGo Airlines faced challenges in the second quarter with high fuel prices and grounded aircraft, leading to a Rs 987 crore loss despite a topline increase. Issues with Pratt & Whitney engines and hoax bomb threats further impacted operations. Des...

India's aviation sector is poised for major growth, aiming to become the world's third-largest aviation market. Key areas of focus include infrastructure development, fleet expansion, workforce training, regulatory reforms, and enhancing passenger e...

SpiceJet, boosted by ?3,000 crore funding, aims to return all grounded planes to service within 18-24 months and grow its fleet to 100 aircraft by 2026. The airline will also wet-lease aircraft to expand capacity quickly, enhancing services and rout...

India could produce 8-10 million tonnes of Sustainable Aviation Fuel (SAF) by 2040, requiring $70-85 billion in investments, according to a Deloitte India report. SAF aims to propel aviation sector decarbonisation, with the potential to reduce carbo...

SpiceJet plans to expand its fleet by adding 10 planes by the end of November, following a successful Rs 3,000 crore capital raise through a Qualified Institutional Placement (QIP) last month. Seven aircraft will be leased, while three previously gr...

Low-cost airline SpiceJet announced on Friday that it has cleared all its Goods and Services Tax (GST) dues, just one day after settling salary arrears for its employees. This follows the airline's successful fundraising of Rs 3,000 crore through a ...

Nayara Energy, India's largest private fuel retailer, reported a 14.3% increase in fuel sales for Q2 2024 while exports declined due to rising local demand. The company sold most of its diesel and petrol domestically and expanded its retail network ...

Vistara announced on Friday that from November 12, Air India will take over its aircraft and passengers as the merger of the Tata Group-owned airlines nears completion. Starting September 3, Vistara bookings for travel post-November 12 will be redir...

The Petroleum and Natural Gas Regulatory Board (PNGRB) aims to declare major oil companies' jet fuel pipelines to key airports as common carriers. This move could allow private sector players to utilize these pipelines, potentially lowering transpor...

India's diesel and jet fuel exports to Singapore and Australia hit their highest levels in 2-1/2 years in July, fueled by waning European demand and cheaper shipping costs. Industry sources indicate that Australia's increased imports were also due t...

Reliance-BP and Shell-MRPL, the two private sector joint ventures, have made extraordinary gains in a year, taking their combined market share in the ATF market to 10.3% in April from 6.3% in the same month last year, according to industry data.