Government may ask airlines to review surcharges and additional prices if crude stabilises: Civil Aviation Minister
Varanasi, June 25 -- The Union government may ask airlines to review surge charges and additional fares if fuel prices remain stable over a longer period, Civil Aviation Minister K Ram Mohan Naidu said on Thursday.
Speaking with reporters, Naidu said the Centre was closely monitoring aviation turbine fuel (ATF) prices and was in discussions with airlines to assess whether the recent decline in prices was sustainable.
Currently government reviews ATF prices on a fortnightly basis, based on movement of global crude prices. Besides it has also created a Rs 10,000 crore price stabilisation fund to support airlines in times of distress due to West Asia crisis.
"Secondly, now that we are seeing prices coming down, we still have to see if thi...
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