Russia-Ukraine Crisis | Domestic Air Fare Up On Global Oil Spike | Breaking News
March 14, 2022
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2:51Now PlayingRussia-Ukraine Crisis | Domestic Air Fare Up On Global Oil Spike | Breaking News
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as posted by the channelAs per the latest news updates coming in Mirror Now, Domestic airfare goes up amid a surge in global oil prices. Fares on some of the key routes see a 15 to 30% hike just over the last two to four weeks. In domestic sectors, airlines are mandated to price their tickets in a fare band for a rolling period of 15 days. Online travel agency ixigo said one-way airfare for bookings on the Delhi-Mumbai sector between February 25 and March 3 was Rs 5,119 — 26% higher than the Rs 4,055 for bookings between February 1-7. Airlines have increased fares as the rising crude oil price amid the Russian invasion of Ukraine has translated into costlier jet fuel. Effective from March 1, aviation turbine fuel in Delhi costs Rs 95,350.66 per kilolitre, compared to Rs 59,400.91 per kilolitre as of March 1, 2021. This is because Brent's crude price rose to $129.47 per barrel on March 8, compared to $68.18 a barrel on March 10 last year. Watch to know more! #DomesticFlight #AirIndia #LatestNews
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