New Delhi : Domestic airlines welcomed the 12.5 per cent cut in jet fuel prices, terming it as a much-needed relief but ruled out any immediate reduction in fares.
“ATF (aviation turbine fuel) rate per kilolitre in Delhi today reduced (by) 12.5 per cent, or by approx Rs 7,500 per kl. Much-needed relief given high cost of operations in India,” SpiceJet Chief Operating officer Sanjiv Kapoor tweeted. Welcoming the oil companies’ move to reduce aviation fuel cost, a senior airline executive said it will take a while before the benefits accrued on account of lower fuel prices are passed on to the passengers. “This is certainly a positive move for the airlines and we welcome it. But, fares are unlikely to come down as they are market driven,” the executive said on condition of anonymity.
