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Fuel Price Impact Due To US-Israel War On Iran May Be Experienced From April 1, Says India's Aviation Minister

The airlines are, as per airline companies' claims, already suffering from increasing operational costs and thinning profit margins.

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Fuel Price Impact Due To US-Israel War On Iran May Be Experienced From April 1, Says India's Aviation Minister

Fuel Price Impact Due To US-Israel War On Iran May Be Experienced From April 1, Says India's Aviation Minister

New Delhi: Union Civil Aviation Minister Ram Mohan Naidu has warned that airline passengers might have to face an air fare hike from April 01 as the impact of the Iran-US war is likely to be felt on the sector.

The airlines are, as per claims, already suffering from increasing operational costs and thinning profit margins.

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The minister has said that the impact of rising global oil prices due to the ongoing West Asia conflict will be felt from April 01, noting that the ATF prices are decided on the first of every month, and the impact might be visible from April 01.

The minister noted that the issue goes beyond aviation alone, as it is a multi-departmental exercise, civil aviation, external affairs, petroleum, and natural gas.

The war in the West Asia has triggered a nightmare scenario for the global energy system, slashing so much supply that consumers around the world must both pay up big and lower consumption.
The closure of the Strait of Hormuz, has stopped the passage of 20% of the world’s oil and liquefied natural gas since the US and Israel began airstrikes on Iran on February 28.

 

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Fuel Price Impact India's Aviation Minister Iran war live US-Israel War On Iran

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