With costlier crude oil, local travelers will now have to pay more to
fly within the country as expensive jet fuel will force the airlines to
raise domestic fares.
The hike in consumer fares in January reflects the persistent rise in aviation-fuel prices, and they increased 8% on-month in November at the New Delhi airport , the country's busiest. However, after a brief lull in December, prices firmed in January and February, breaching the levels of 2015 when the cycle of declines began.
This has further led to additional fuel costs passed on to consumers. Many of the costumers switched to airlines after the gap between air and upper-class train fares narrowed in 2016.
According to a senior executive at Jet Airways, the airline has recently revived the practice of levying a fuel surcharge - a fare component linked to movements in jet fuel prices - on domestic flights.
To Read the News in Full 13/02/17 Business Insider
The hike in consumer fares in January reflects the persistent rise in aviation-fuel prices, and they increased 8% on-month in November at the New Delhi airport , the country's busiest. However, after a brief lull in December, prices firmed in January and February, breaching the levels of 2015 when the cycle of declines began.
This has further led to additional fuel costs passed on to consumers. Many of the costumers switched to airlines after the gap between air and upper-class train fares narrowed in 2016.
According to a senior executive at Jet Airways, the airline has recently revived the practice of levying a fuel surcharge - a fare component linked to movements in jet fuel prices - on domestic flights.
To Read the News in Full 13/02/17 Business Insider
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