(a) whether the Indian Oil Corporation and other petroleum companies have decided to reduce prices of ATF on account of drop in International crude prices;
(b) if so, whether Government would impress upon the private airlines to reduce fares suo moto in line with fall in international ATF prices; and
(c) if not, the reasons therefor?
MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF CIVIL AVIATION ( SHRI PRAFUL PATEL )
(a):- The Government does not have any administrative pricing mechanism in respect of ATF and Oil companies are free to fix prices based on market forces.
(b):- Domestic air fares are not regulated by the Government after the repeal of Air Corporation Act 1953. Domestic Airlines are free to charge air fares in their commercial judgement.
(c):- Does not arise in view of (b).