Air travel costlier as domestic carriers raise basic fares and fuel surcharge
01 May 2008
New Delhi: All major Indian carriers have decided to raise basic fares by at least 10 per cent, apart from hiking the fuel surcharge. The hike in charges by Air India, Jet Airways, Spicejet and Kingfisher follows a rise in the price of aviation turbine fuel (ATF) by over nine per cent, keeping in line with the surge in international crude oil rates.
Oil firms are under pressure with international crude rates already touching a high of $120 bbl.
India's largest private carrier, Jet Airways, has decided to increase the basic fare of economy and business class by about 10 per cent. It has also decided to raise the fuel surcharge by Rs150 on short-haul routes and Rs350 on long-haul routes. The increases come into effect from Saturday.
Low cost carrier, SpiceJet, has hiked fuel surcharge by Rs150 on short-haul routes and Rs 350 on long-haul routes from Thursday itself.
Merged entity, Air India, has decided to raise basic fare on all routes by 10 per cent and also levy a fuel surcharge, but it is yet to announce the date from which the new rates become effective.
The price of ATF in Mumbai has been hiked by Rs 5,276 per kl to 60,467.58 per kl, according to industry sources.
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