Domestic air tickets are likely to become cheaper in coming days, with India’s largest airline, IndiGo removing fuel surcharges in response to easing fuel prices.
The company introduced the charge in October after suffering losses due to the rising price of aviation turbine fuel. Aviation turbine fuel, commonly called Jet fuel, accounts for almost 40% of the total operating cost of an airline.
ATF prices remained high for most of 2023, tracking the increase in crude oil prices, forcing the airline to pass it on to consumers in the form of a surcharge.
