Airlines
IndiGo tickets are set to become more expensive, as a result of increased fuel prices
Indigo, India’s largest domestic airline, implemented fuel costs ranging from Rs 300 to Rs 1000 on its domestic and international routes on Thursday due to increased aviation turbine fuel (ATF) prices. The new pricing structure will be implemented on October 6.
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“The move comes in response to the sharp rise in ATF costs, which have risen month after month for the past three months. A rate increase is required to account for such a cost surge because ATF makes up a sizable amount of an airline’s operating expenses, according to the airline in its statement. Fuel costs start at Rs. 300 for distances up to 500 km and rise to Rs. 1000 as the distance rises.
According to the new pricing scheme, travelers who book IndiGo flights would pay a fuel surcharge for each sector based on the travel distance, the airline said. The company stated that the fees would vary depending on the distance in each region and that the change coincided with a sharp spike in the cost of jet fuel.
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According to data, the Central government increased the price of jet fuel by a little over 14% earlier this month, marking the third consecutive monthly increase. According to a price announcement from state-owned fuel traders, ATF prices increased by 8.5% in August and 1.65% in July.
