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regular-article-logo Tuesday, 05 November 2024

Govt will re-evaluate airfare cap depending on ATF price: Scindia

I have seen stabilisation happen and at an appropriate time, we will certainly look at that, says civil aviation minister

PTI New Delhi Published 10.08.22, 01:24 AM
Jyotiraditya Scindia.

Jyotiraditya Scindia. File photo

The government will certainly re-evaluate the fare cap in place for domestic airlines once there is a healthier environment in terms of jet fuel prices, according to civil aviation minister Jyotiraditya Scindia.

Scindia said as it stands today, the fares of airlines are not close enough to the low portion of the fare cap and are very far away from the high portion of the fare cap.

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“I have seen stabilisation happen and at an appropriate time, we will certainly look at that. I am looking at ATF prices also coming off and as that becomes a healthier environment, we will certainly re-evaluate that,” he said.

Against the backdrop of lingering pandemic blues, the ministry has put in the fare cap system for local airlines. The fare capping is applicable on a rolling basis for a 15-day cycle.

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