Air India to hike fares by Rs 300

New Delhi, Dec 1: Air India today said that it will hike fares by Rs 300 effective from Monday even as other airlines are poised to push through a hike due to increase in fuel surcharge this year.

Jet and Kingfisher have already declared their hike by Rs 300.

The increase in surcharge follows a 12 per cent increase in aviation fuel prices by the oil companies, Air India said in a statement.

Oil marketing companies, Indian Oil, Bharat Petroleum, Hindustan Petroleum and Reliance Industries will hike fuel prices at airports across the country from midnight.

Aviation fuel in India costs about 70 per cent more than in Singapore or Dubai.

In the internatonal sector Jet Airways has hiked fares by 30 dollars on a one-way ticket to the US, and by 25 dollars on the London sector.

UNI