Will flight ticket prices reduce from 1 July?:Govt may ask airlines to cut additional airfare-related charges as oil prices soften

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. Govt keeps vigil on ATF prices 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. The next official price revision will take effect on 1 July 2026 Any decision on fare-related charges would depend on stability of fuel prices: Aviation minister The last 4 months have been very important for the airlines. Once we are clear that price stability will continue for a long time, we will talk to them and work towards reducing the surge charges or the extra prices we are seeing right now. -Civil Aviation Minister K Ram Mohan Naidu to ANI Amid the ongoing geopolitical crisis, the government had capped ATF prices for domestic scheduled operators. International oil prices fall back to pre-Iran war levels: Oil prices dropped to pre-war levels with Brent crude slipping to $72/barrel on Thursday. The latest decline comes after a sharp 4% fall in the previous session, bringing Brent back to its closing level seen before the US-Iran conflict began. During the West Asia conflict (Iran crisis), global oil supplies were disrupted, which caused the price of Aviation Turbine Fuel (ATF)—commonly known as jet fuel—to jump significantly. To protect domestic airlines and passengers, the Government of India applied two different pricing rules. For International Flights: The actual market price was raised by about 2.5 times (an increase of over 115%). For Domestic Flights: The government stepped in and used a ₹10,000-crore relief fund to stop prices from getting too high. They limited the price hike for domestic airlines to just about 10% in the latest revision. Air travel could become 25% more expensive: Report While, on the contrary, in another report it is being claimed that air travel could become up to 25% more expensive in the coming days. This claim has been made by global consulting firm McKinsey in its report. The report stated that the supply of jet fuel has been affected due to ongoing geopolitical tensions worldwide and refinery problems, which has increased the costs for airline companies. The direct impact of this increased financial burden on companies could now fall on the pockets of common travelers.