Politics & Business
Jet Fuel Rises to ₹137 a Litre, Third Hike in a Row; Government in Talks With Airlines
NEW DELHI: The government is in talks with airlines and oil marketing companies about the price of aviation turbine fuel, Civil Aviation Minister Ram Mohan Naidu said on October 6, after jet fuel prices rose for a third month in a row.
Speaking to reporters in New Delhi, Naidu said the West Asia crisis was one of the major concerns, as it had put a significant burden on the sector by pushing up ATF prices, All India Radio reported. The government is in discussions with airlines and oil companies "to assess the situation", he said, and the ministry will hold a meeting with all stakeholders before taking a decision.
On October 1, domestic ATF prices were raised by 13.22 per cent, or about ₹16 a litre, from ₹121.28 to ₹137 a litre, the Free Press Journal reported. It was the third consecutive monthly increase.
