28160 Investors following IOC. Share this News with them.
0
Like this story, share it with millions of investors on M3
No change in domestic air fare despite fuel price cut
Domestic air fares will not come down just yet despite the oil companies reducing the price of aviation turbine fuel (ATF). On Friday, the state-owned oil major, Indian Oil, announced a reduction of between Rs 896 and Rs 978 per kilolitre of ATF being sold to domestic airlines in September.
Domestic air fares will not come down just yet despite the oil companies reducing the price of aviation turbine fuel (ATF). On Friday, the state-owned oil major, Indian Oil , announced a reduction of between Rs 896 and Rs 978 per kilolitre of ATF being sold to domestic airlines in September.
The reduction has, however, not enthused the airline industry to lower either their fares or the fuel surcharge. The Chief Executive Officer, SpiceJet , Mr Siddhanta Sharma, said that the airline had no immediate plans to decrease fares.
The President and Chief Executive Officer, IndiGo Airlines, Mr Bruce Ashby, pointed out that it might not be possible to immediately pass on the benefit of lowered ATF prices to the passengers as in the past 12 months fuel prices had tended to go up more often than they had come down.
|
Budget: 2008, 2009, 2010, 2011, 2012 |
Intuit Money Manager |
RBI Credit Policy | Union Budget | Budget 2012
| Economic Survey
| Railway Budget
| Financial Glossary
|
Message Board |
Moneybhai |
Connect.in.com |
Business Yellow Pages |
India's Premiere Technology Guide | History India
| Up Polls | Latest News
| Uninor | LIC Housing Finance | Tata Steel | Reliance Industries | BSE Sensex | Aurobindo Pharma | Montek Singh Ahluwalia | Namma Metro | Reliance Communications | Mahindra Satyam 
The reduction has, however, not enthused the airline industry to lower either their fares or the fuel surcharge. The Chief Executive Officer, 
