November 2, 2026 12:35 PM

Government notifies new airfare rules, allows intervention in extraordinary situations

The government has notified new rules empowering the Centre to intervene in airline ticket pricing during extraordinary situations in the public interest, amid concerns over rising airfares driven by elevated crude oil and Aviation Turbine Fuel (ATF) prices. Under the Bharatiya Vayuyan Niyam, 2026, notified by the Union Ministry of Civil Aviation, the government can issue directions to airlines on fares if it considers intervention necessary in extraordinary circumstances. Such directions must ...

July 1, 2026 11:51 AM

OMCs slash ATF prices by nearly Rs 5 per litre amid softer crude oil

State-owned oil marketing companies (OMCs) have reduced aviation turbine fuel (ATF) prices by nearly Rs 5 per litre, effective from Wednesday, following a decline in international crude oil prices after easing geopolitical tensions in West Asia. According to the latest price notification, the price of jet fuel in Delhi has been cut to about Rs 110 per litre, coming into effect from July 1. The latest price cut is expected to lower operating costs for domestic carriers, although the actual bene...