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Govt caps ATF hike to prevent surge in domestic airfares, shields flyers

The government has stepped in to prevent a sharp rise in domestic airfares by allowing only a partial increase in aviation turbine fuel (ATF) prices, despite global crude oil volatility

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Fuel price control move to stabilise India’s aviation sector. Representational Image

Fuel price control move to stabilise India’s aviation sector. Representational Image

The government on Wednesday said that domestic airfares are unlikely to see a sharp rise as it has cushioned the impact of a steep surge in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines. 

According to the Ministry of Petroleum and Natural Gas (MoPNG), ATF prices in India deregulated since 2001 are revised monthly based on international benchmarks. Given the current geopolitical situation, ATF prices for domestic markets were expected to rise by more than 100 per cent from April 1.

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