Hike in ATF prices

India has waived the 11% basic excise charge on ATF purchased from oil marketing firms for domestic airlines operating foreign flights.

ATF prices were raised by the largest 16 percent increase in history on Thursday, catapulting rates to an all-time high in tandem

Domestic air passenger volume increased by 83 percent year over year to 10.5 million in April as Covid-19 infection cases declined