The govt has set minimum and maximum fares for domestic flights and these are applicable upto a fortnight. For booking beyond 15 days airlines are free to set their own fares.
Jet fuel prices on Wednesday were hiked by over 18 per cent - the steepest ever increase - to all-time high levels after international oil price surged to a multi-year high
Jet fuel prices on Tuesday were increased by 3.3 per cent to all-time high levels across the country, in step with international oil prices surging to over seven-year-high. This is the fifth hike in jet fuel or Aviation Turbine Fuel (ATF) prices this year following an unrelenting rise in global oil prices, but petrol and diesel prices remained unchanged for a record 116th day in a row, coinciding with electioneering to elect new governments in states like Uttar Pradesh and Punjab. ATF price was hiked by Rs 3,010.87 per kilolitre or 3.22 per cent to Rs 93,530.66 per kl in the national capital, according to a price notification of state-owned fuel retailers. Jet fuel, which makes up for almost 40 per cent of the running cost of an airline, has this year surged to new highs. The previous peak of Rs 71,028.26 per kl was recorded in August 2008 when international crude oil prices touched USD 147 per barrel. Brent crude oil on Tuesday was trading above USD 100 per barrel. ATF prices hav
South Korean airlines are set to raise fuel surcharges on international routes next month as jet fuel prices rise at a faster pace, industry people said on Wednesday.
ATF price was hiked by Rs 6,743.25 per kilolitre or 8.5 per cent to Rs 86,038.16 per kl in the national capital, according to a price notification of state-owned fuel retailers
In a Q&A, the aviation minister says he believes govt shouldn't be in the business of running airlines and must develop the ecosystem of civil aviation instead
Jet fuel or ATF price was hiked by 4.2 per cent - the second increase in rates this month warranted by firming international oil prices, but petrol and diesel prices remained unchanged
In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices
ATF or jet fuel cost in India is among the highest in the world and the industry has long been demanding that it should be brought under GST regime
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The first band consists of flights that are of less than 40 minutes duration
ATF prices are revised on 1st and 16th of every month based on average of benchmark international price and foreign exchange rate in the preceding fortnight
Simultaneously, non-subsidised cooking gas LPG rates were increased by Re 1 to Rs 594 per 14.2-kg cylinder in the national capital
Simultaneously, petrol and diesel prices were hiked for the 10th day in a row
The price of ATF in the national capital has been raised by Rs 11,030.62 to Rs 33,575.37 per kilolitre
Aviation turbine fuel (ATF) price has been cut by Rs 6,812.62 per kilolitre, or 23.2 per cent, to Rs 22,544.75 per kl in the national capital
This is the second straight monthly increase in rates warranted due to firming up of prices in the international market
The domestic air passenger volume grew in double digit for five consecutive years, it said in a release
The three OMCs revise the jet fuel prices on the first of every month
Govt raised customs duty on ATF last month, which will push up prices in the next revision