{"id":291876,"date":"2019-09-17T05:03:14","date_gmt":"2019-09-17T05:03:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291876"},"modified":"2019-09-17T05:03:14","modified_gmt":"2019-09-17T05:03:14","slug":"saudi-oil-crisis-may-push-domestic-air-fares-up-by-10-15-by-month-end","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-oil-crisis-may-push-domestic-air-fares-up-by-10-15-by-month-end\/","title":{"rendered":"Saudi oil crisis may push domestic air fares up by 10-15% by month end"},"content":{"rendered":"<p>Domestic airlines may have to hike fares two weeks ahead of the busy travel season if oil prices remain elevated over next few days. <\/p>\n<p>&#8220;If the crude oil price keeps on rising we will have to decide on hiking airfares. We are closely monitoring the crude oil prices,&#8221; a senior Air India executive said on Monday. <\/p>\n<p>The national carrier, which is already struggling with its fuel payments, spends around Rs 6,000-7,000 crore annually on fuel. A 10 per cent hike in crude price would mean over Rs 50-58 crore of extra costs for the airline. <\/p>\n<p>Crude oil prices jumped nearly 20 per cent today before settling down to a 10 per cent rise with disruption in oil supplies following a drone attack on facilities in Saudi Arabia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Domestic airlines may have to hike fares two weeks ahead of the busy travel season if oil prices remain elevated over next few days. &#8220;If the crude oil price keeps on rising we will have to decide on hiking airfares. We are closely monitoring the crude oil prices,&#8221; a senior Air India executive said on Monday. The national carrier, which is already struggling with its fuel payments, spends around Rs 6,000-7,000 crore annually on fuel. A 10 per cent hike in crude price would mean over Rs 50-58 crore of extra costs for the airline. Crude oil prices jumped nearly [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-291876","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291876"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291876\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}