Airfares likely to rise

Airfares are expected to rise with the steep increase in jet fuel prices amid the ongoing West Asia conflict.

The price of Aviation Turbine Fuel (ATF) has more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, and this is the first time that the jet fuel price has crossed the Rs 2 lakh per kilolitre mark.

In Delhi, ATF price has been hiked by Rs 1,10,703.08 per kilolitre, or 114.5 per cent, to Rs 2,07,341.22 per kl, according to state-owned fuel retailers.