12% increase to inflate Indian Airlines fuel bill by Rs 15 crore
Indian Airlines, Jet Airways and Air Sahara, the three domestic carriers, are planning to increase their fares in an attempt to offset the effect of a 12 per cent increase in the cost of aviation turbine fuel.
Turbine fuel prices have jumped by over Rs 2,820 per kilolitre in a single month, a 12 per cent rise from Rs 22,380 per kilolitre in February to Rs 25,200 per kilolitre in March. A 10 per cent increase in fuel prices in October 2002 had prompted the three carriers to hike their fares by an equal percentage in November. None of them has, however, announced an increase in passenger fares so far.
