Following hike in aviation turbine fuel prices air fares likely to go up

Srinagar: Air passengers may have to spend more as oil marketing companies have increased the price of aviation turbine fuel (ATF).

ATF now costs Rs 63,472.22 per kilolitre in Delhi, up Rs 677 (over 1 per cent) from Rs 62,795 per kl last month, according to the notification by the Indian Oil Corporation. A similar hike in the prices was seen in Kolkata, Mumbai and Chennai, news reports said on Tuesday.

“The 1 per cent increase in ATF price is expected to affect air travel especially ahead of the peak travel season,” said Sharat Dhall, COO (B2C), Yatra.com.

Aloke Bajpai, CEO and Co-founder, Ixigo, said, “With peak summer travel season round the corner and an ongoing capacity crunch due to grounding of planes, hike in ATF can lead to an increase in last-minute fares and aggrevate the increasing airfare situation seen since February.”

“But average domestic fares might normalise and even dip 15-20 per cent if attempts to get some grounded planes operational come through,” Bajpai added.

-KR Web Desk

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