After three months of continuous northward rally, the oil marketing companies on Monday reduced jet fuel price by 4.33 per cent.
However, this is not likely to give any relief for flyers, as there are no signs of airlines reducing the fuel surcharge.
From Monday, a litre of jet fuel would cost Rs 70.52 in Delhi against Rs 73.71 earlier. The last reduction in prices was on July 1 when they came down to Rs 61.17 a litre from Rs 62.41.
Currently, the jet fuel price is 20.38 per cent higher when compared year-on-year.
Airlines have faced higher fuel prices for the past few months. This coupled with the festival season and reduction in seats will not translate to any drop in passenger fares.
“Aviation turbine fuel (ATF) or jet fuel prices during the last few months had gone up substantially. So this 4.3 per cent reduction is not going to impact the fuel bill much. So, there is almost no possibility of change in fare of air surcharge,” said a senior official with a private airline.
With major festivals such as Dussehra and Diwali coming up, there will be greater demand. Moreover, after the reduction in Kingfisher Airlines’ operations, the number of seats in several routes has reduced, the official added.
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