Airfares may rise further in the coming days after the latest hike in jet fuel price, as airlines pass on the higher expense to customers. However, a steep hike could depress passenger traffic that has seen a steady rise in the last few months. Mint explains
Jet fuel prices on Monday were hiked by a steep 5.3 per cent - the tenth straight increase this year to an all-time high, in line with a surge in global energy prices.
There was, however, no change in the price of petrol and diesel on Friday. Prior to the second pause in 11 days, auto fuel rates had gone up by Rs 6.40 per litre.