The Ministry of Petroleum & Natural Gas announced today a strategic move to protect domestic air travel from soaring international fuel prices. Following the closure of the Strait of Hormuz and extraordinary disruptions in global energy markets, the price of Aviation Turbine Fuel (ATF) was projected to spike by over 100% on April 1.
In response, state-owned Oil Marketing Companies (OMCs), in coordination with the Ministry of Civil Aviation, have implemented a partial and staggered ATF price hike of only 25% (Rs. 15 per litre) for domestic airlines. International routes, however, will bear the full brunt of the global price increase, aligning with worldwide ATF rates.
This proactive decision aims to insulate domestic travelers from excessive airfare hikes while balancing the economic impact on airlines.
Key Highlights:
Domestic ATF price rise limited to Rs. 15 per litre (25% increase)
International routes charged full global ATF rates
Government shields domestic travelers from sharp airfare hikes
Decision triggered by the closure of the Strait of Hormuz and global fuel market volatility
State-owned PSU Oil Marketing Companies coordinated the measure with the Ministry of Civil Aviation
The government continues to monitor the global fuel situation to ensure stability in the aviation sector and minimize disruption to domestic travel.
