14% Increase In Jet Fuel To Impact Airfares

In an unprecedented development last week, the government made the decision to raise the tax on aviation turbine fuel, commonly known as jet fuel, by a substantial 14%. This move was made in anticipation of a possible increase in airfares. Karishma Asoodani from BTTV spoke with airline representatives to delve into the potential consequences of this decision. A spokesperson from Indigo explained that the rise in airfares is primarily driven by the interplay of supply and demand in the market, rather than being solely influenced by a single factor affecting input costs.