Air Turbine Fuel Pricing Brought Under Oil Regulator

Air Turbine Fuel Pricing Brought Under Oil Regulator

New Delhi : India | Dec 17, 2012 at 2:02 AM PST
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This development is bound to bring a smile or two on the faces of those who are in charge of running airlines. As even during the best of times, the sector is highly challenging with ever spiraling costs rendering the specter of keeping the prices of airline travel within affordable limits a near impossibility. The Union Petroleum Ministry has agreed in principle to have the pricing of aviation jet fuel under the oil regulator. This was announced by the Union Minister for Civil Aviation, Ajit Singh. Mr Singh has been working on various measures to bring down the high prices that are attached with aviation turbine fuel (ATF) so that it does not prove to be detrimental for the very running of the various individual airline companies. Towards meeting this end, the Minister had asked the Union Ministry for Petroleum to consider bringing the aviation turbine fuel under some sort of a special pricing regime. And this is exactly what has happened with the Petroleum Ministry now acceding to the proposal and having the pricing of ATF directly under the purview of the oil regulator from now onwards.

Esteemed readers who are enthusiastic about knowing more about the pricing of the aviation fuel and other related aspects can always buy news articles from any number of online media sources that is so full of magazines, newspapers and other periodicals on the subject. The print media and the electronic media are also equally tempting sources of information on the subject. In this connection, Ajit Singh had recently met the Union Minister for Petroleum M. Veerappa Moily and put forward the case effectively. Now it is reliably learnt that the Oil Ministry had readily agreed to the suggestion of bringing the pricing of the highly priced ATF under a more liberal and accommodative pricing mechanism. Presently under the existing prices prevailing in the aviation sector, the cost of ATF accounts for no less than 50 per cent of the total investment requirements of individual airline companies. And, therefore, this particular development is without an iota of doubt a great financial relief for the airlines industry that has been reeling under very high costs for quite some time now.

Buying images relating to the airline sector and particularly focusing on its aviation turbine fuel is something that interested parties can always go in for. Coming back to what transpired between the two Union ministers, it is reliably learnt that Singh had informed that Moily has confirmed that henceforth the oil regulatory body, the Petroleum and Natural Gas Regulatory Body (PNGRB) will also include the pricing of the ATF under its purview. One can also buy content on this rather vital subject concerning directly with the survival of our airlines sector from any number of sources starting with the online media. It is still not been clear as to whether there will be a group of ministers overseeing the implementation of this new pricing mechanism under the oil regulatory. But all the same, this step taken by the concerned ministries is bound to lessen the burden on the airlines considerably.

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johnmatthew is based in New Delhi, Delhi, India, and is a Reporter on Allvoices.
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