Russia-Ukraine conflict set to drive airfares higher as ATF gets costlier

Your next holiday is set to get expensive, as rising crude prices would lead to high fares for passengers.

Oil companies raised prices to a record high of Rs 93,530 per kilolitre in Delhi from March 1 – this is about 9% higher over last month and over 57% higher than last March. This increased cost is likely to be transferred to passengers, as oil constitutes up to 40% of airline’s cost of operations.