Travellers must prepare themselves for a 25% hike in fares as airlines plan to increase fuel surcharge on tickets amid forecasts that crude oil price is likely to remain above $100 a barrel over the next four months.
“If oil prices increase, a rise in airfares is imminent because airlines can’t absorb fuel costs beyond a certain point,” said Industry experts. Economists have pointed out that given the political crisis in Libya and Egypt, Brent crude will hover well above $100/barrel leading to the increase in the airfares. |