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Govt caps ATF hikes to 25% a month for domestic flights to curb fare spikes

2 months ago 10

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Govt caps ATF hikes to 25% a month for domestic flights to curb fare spikes

In a move aimed at shielding passengers from sharp airfare surges, the government has capped monthly increases in aviation turbine fuel (ATF) prices for domestic flights at 25%, according to Reuters.The decision comes amid volatility in global energy markets linked to the ongoing Iran crisis, which has pushed up fuel costs and added pressure on airlines.

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Iran War Impact Hits India: Commercial LPG Prices Rise, Airfares Set To Surge As Fuel Costs Double

Defence Minister Rajnath Singh welcomed the move, saying it would help protect passengers from sudden increases in ticket prices.In a related development, the government said private operators are facing supply constraints in auto LPG due to procurement challenges. It added that dual-feed auto operators are being encouraged to switch to petrol wherever feasible.

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