Jet Fuel Prices Soar: Air Travel to Get Costlier for Domestic Flights

• Jet fuel (ATF) prices for domestic flights increased by 8.5% in April, reaching over Rs 1 lakh per kilolitre.
• The price hike is attributed to global economic fallout from the Iran conflict and pressure on the rupee.
• Civil Aviation Minister Ram Mohan Naidu announced a partial, staggered 25% increase for domestic airlines, with foreign routes bearing full market price.
• Naidu urged states to reduce VAT on jet fuel to ease the burden on airlines and passengers.
• Airlines like IndiGo and Air India have already announced fuel surcharges ranging from Rs 150 to $200.