IndiGo’s announcement comes amid a jump in ATF prices, which make up 40% of an airline’s operating costs.
State-owned fuel retailers hiked jet fuel prices on Sunday by 5%—the fourth straight monthly increase since July.
The ATF price was increased by Rs 5,779.84 per kilolitre, or 5.1%, in the national capital to Rs 1,18,199.17 per kl.
The increase comes on the back of the steepest-ever 14.1% increase (Rs 13,911.07 per kl) effected on Sept. 1, and an 8.5%, or Rs 7,728.38 per kl, increase on Aug. 1.
In light of this, the government slashed the levy from Rs 3.5 per litre to Rs 2.5 per litre on ATF last month.
ATF and other petroleum products respond to changes in global crude oil prices, which have witnessed a sharp rally in recent months thanks to tight supply and soaring demand.
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