Sunday, January 31, 2016

Fuel prices: Govt to request airlines to transfer benefit to passengers

With airlines taking advantage of the falling prices of aviation fuel, Centre today said it will request them to transfer its benefit as much as they can to passengers.
Civil Aviation Minister Ashok Gajapati Raju, however, said the government will not dictate on air ticket rates.
"Well, crude goes up, crude comes down. And airlines were going under lots of losses and accumulative losses were tremendous. Now they have a respite. Now, we will request them to transfer (the benefit) as much as they can to the travelling public," Raju said when asked whether the government will ask airline companies to reduce the airfare in view of falling aviation fuel prices.
"If you start dictating on ticket prices, then there is going to be another type of problem. We don't intend to do that," the minister said.
Aviation fuel prices have declined as international oil prices have slumped.
Raju, who visited the Cochin International Airport Limited to understand its solar powered electricity generation system, said the Aviation Ministry had conducted an analysis on ticketing and it was found that only 1.7% of air tickets were higher priced in a whole year in the country.
31/01/16 PTI/Business Standard
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