NEW DELHI: After witnessing a 10%-30% jump in the last one month, airfares are likely to increase more in the near future as Jet fuel prices on Wednesday were hiked by over 18% – the steepest ever increase and overall sixth increase this year. Aviation turbine fuel (ATF), also known as jet fuel, was hiked by Rs 17,135.63 per kl on Wednesday to Rs 110,666.29 per kl in the national capital.
A senior executive of an airline said one-way airfare in busy sectors such as Delhi-Kolkata which was about Rs 3,000 till last month (for flights that would take off after a fortnight) has shot up to about Rs 4,300. “With this exorbitant hike, we may have very limited options but to pass it to passengers,” he said. The ongoing Russia-Ukraine conflict is having a very troublesome effect on global oil prices.
