ATF Prices Up 12%, Airlines Yet To Hike Fares
The aviation turbine fuel-ATF prices that constitute 40% of airlines' operating cost, were raised by 12% on the back of increasing oil prices, reported the media. However, airlines are yet to announce the hike in air fares.
State-run oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum raised aviation turbine fuel prices by Rs.3,949 to Rs 36,252 per kilolitre, effective Monday midnight. In Mumbai, the home to the nation's busiest airport, the price of the fuel will go up from Rs 33,260.8 per kilolitre to Rs 37,367 per kilolitre.
A Kingfisher spokesperson said that the impact of the hike in ATF prices on air fares is being analyzed and a decision will be taken soon. Jet Airways is also keen on a fare hike in the near future. It recently launched Jet Konnect that offers service at fares 15% lesser than Jet Airways. The other airlines are also reportedly scrutinizing the situation, but have not come out with air fare revisions.
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