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Following an increase in fuel surcharges, Kingfisher and Jet Airways upped their domestic fares as much as Rs. 200.
The increase in fuel surcharge also applies to Jet Airways’ subsidiary carriers JetLite and Jet Konnect. As is the case with Jet Airways, the surcharge may not exceed more than Rs. 200.
The increase applies to fuel surcharges for flights below 1000km. Currently, carriers levy fuel surcharge of Rs. 1,950 and Rs. 2,700 up to and beyond 1000km respectively. The hike comes after three fortnights of reduction in jet fuel prices followed by the recent increase of 9 percent on the 31st of October by state owned oil forms.
Fuel expenditure constitutes about 35 percent of an airline’s operation costs.
