Air fuel price hiked 19 percent, airfares may riseMay 31st, 2008 - 10:37 pm ICT by admin
Mumbai, May 31 (IANS) Domestic airfares are likely to shoot up again as the state-run oil companies decided to hike air turbine fuel (ATF) prices by around 19 percent from Saturday midnight. According to figures obtained from Indian Oil Corporation Limited (IOCL), ATF in Mumbai will cost Rs.71,759.06 per kilolitre, up from Rs.60,468.28. In New Delhi, ATF will cost Rs.69,227.08 against Rs.58,387.92.
With spiralling global oil prices, the airlines have hiked fuel surcharge five times during the past five months, passing on the additional financial burden to the passenger.
In May, they had raised the fuel surcharge on air tickets on short haul flights to Rs.1,950 and to Rs.2,350 on long haul flights, as the oil firms increased ATF prices.
However, the airlines have not yet taken a decision whether to pass on the latest hike to the consumer.
A spokesman for the UB group-promoted Kingfisher airlines told IANS Saturday evening: “We will study the impact of the just announced price hike in ATF and take a decision shortly.”
India’s largest private airline Jet Airways was yet to decide on a hike. “We have not taken any decision yet,” a spokesperson of Jet Airways told IANS.
Industry sources indicate a minimum hike of Rs.400-500 per ticket depending on the sector.
- Jet Airways hikes fuel surcharge - Jun 02, 2008
- Jet, Kingfisher increase fares by Rs.400 (Lead) - Jun 17, 2009
- Air India, SpiceJet hike airfares - Jun 19, 2008
- Jet Airways hikes domestic fares by Rs.400 - Jun 17, 2009
- SpiceJet hikes fares after aviation fuel price hike - Jun 04, 2008
- SpiceJet raises fuel surcharge by Rs.400 - Jun 18, 2009
- Airlines hike fuel surcharge (Lead) - Jun 02, 2008
- Aviation stocks rally after direct jet fuel import allowed - Feb 07, 2012
- Jet fuel price hiked by 4.5 percent - Aug 01, 2012
- Jet fuel price hiked by 3.2 percent - Aug 16, 2012
- Air India, SpiceJet raise fuel surcharge by Rs.400 (Lead) - Jun 18, 2009
- Airfare to rise along with fuel price, says Praful Patel - Jan 18, 2011
- Jet, Kingfisher domestic fares up Rs.200 - Nov 06, 2009
- Jet fuel price cut by Rs.622 a kilolitre - Dec 31, 2011
- Government rolls out plan to help domestic airlines (Roundup) - Feb 07, 2012
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