Flight ticket prices head north on sky-high jet fuel prices2 min read 02 Oct 2018, 12:52 AM IST
Jet fuel prices surged to the highest since March 2014 on Monday, helped also by a weakening rupee
Mumbai: Airfares are expected to rise this quarter, tracking sharply higher crude oil prices and traditionally robust demand during the festival season. Jet fuel prices surged to the highest since March 2014 on Monday, helped also by a weakening rupee. With domestic airlines suffering from lower yields and mounting costs, they are likely to pass on the burden this time round. The government also decided last week to impose a 5% tax on import of jet fuel.
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