Saturday September 22, 2018
Home Business Major airline...

Major airlines protest against hike in fuel price

0
//
122
Indigo
Photo: http://www.bangaloreaviation.com

Four major domestic airlines have escalated their protest over the 12 per cent increase in aviation turbine fuel (ATF) prices effected this month, refusing to pay the revised prices and seeking a Rs. 2,500-crore refund from oil marketing companies for failing to pass on the benefits of falling crude oil prices since 2014.

“Without prejudice…kindly note that the payments that are being currently made are to be treated as ‘under protest’ and thus our member airlines reserve the right to pay as per the rates prevailing in February 2016,” said a joint letter to oil companies signed by airline promoters Nusli Wadia (GoAir), Naresh Goyal (Jet Airways), Ajay Singh (SpiceJet) and Rahul Bhatia (Indigo).

The joint letter to Hindustan Petroleum Corporation chairperson and managing director Nishi Vasudeva, Indian Oil Corporation chairman B. Ashok and Bharat Petroleum Corporation Limited CMD S. Vardarajan was sent on March 16 on behalf of the Federation of Indian Airlines (FIA).

“FIA seeks your co-operation and support to allow our member airlines to withhold payment of increased amounts due to the recent increase in ATF prices by 12 per cent, until the matter is conclusively determined in a transparent manner,” the promoters said in their letter seen by The Hindu.

The airlines have urged oil marketing companies to disclose the “ambiguous” and opaque price discovery mechanism they used for setting ATF prices. They argued that air fares have remained high as oil companies had not passed on the benefits of the continuous fall in global crude oil prices since 2014. “… As a result, you profited… wherein the airlines are still struggling,” they alleged, and sought a Rs. 2,500-crore refund.

 Credits: The Hindu

Next Story

British Scientists Use Sunlight And Converted It To Fuel

Hydrogenase is an enzyme present in algae that is capable of reducing protons into hydrogen.

0
Hydrogen, Fuel
Scientists pioneer novel model to turn sunlight into fuel.Flickr

In a breakthrough move, British scientists have used natural sunlight to convert water into hydrogen and oxygen by mixing biological components and man-made technologies.

The team led by academics at the University of Cambridge, used semi-artificial photosynthesis to explore new ways to produce and store solar energy, a finding that could now be used to revolutionise the systems used for renewable energy production.

Their method also managed to absorb more solar light than natural photosynthesis.

Hydrogen Fuel
Representational Image Of Fossil Fuel plant.
Wikimedia Commons.

“Natural photosynthesis is not efficient because it has evolved merely to survive so it makes the bare minimum amount of energy needed — around 1-2 per cent of what it could potentially convert and store,” said lead author Katarzyna Soko, doctoral student at the University’s St. John’s College.

Artificial photosynthesis has been around for decades but it has not yet been successfully used to create renewable energy because it relies on the use of catalysts, which are often expensive and toxic. This means it cannot yet be used to scale up findings to an industrial level.

The new model, detailed in the journal Nature Energy, is the first to successfully use hydrogenase and photosystem II to create semi-artificial photosynthesis driven purely by solar power.

Hydrogen, Fuel
Hydrogen. Flickr

The team not only improved on the amount of energy produced and stored, they managed to reactivate a process in the algae that has been dormant for millennia.

Also Read: SpiceJet To Test A Flight Powered By BioFuel

“Hydrogenase is an enzyme present in algae that is capable of reducing protons into hydrogen. During evolution this process has been deactivated because it wasn’t necessary for survival but we successfully managed to bypass the inactivity to achieve the reaction we wanted — splitting water into hydrogen and oxygen,” Soko explained.

Soko hopes the findings will enable new innovative model systems for solar energy conversion to be developed. (IANS)

Next Story