Airlines body FIA on Wednesday demanded a roll back of the 12 per cent hike in jet fuel prices by oil companies and sought appointment of an independent price regulator to deal with the issue of ‘irrational’ pricing.
In a letter to Civil Aviation Minister Ashok Gajapathi Raju on Wednesday, copies of which were marked to his deputy Mahesh Sharma and the Finance Minister, Federation of Indian Airlines (FIA) also threatened to move fair trade watchdog CCI if the ‘non-transparent’ price increase continues.
“In March 2016, FIA members have been informed of a 12 per cent increase in prices without any explanation. No response has been received from oil companies regarding this price revision and oil pricing continues to be non-transparent to the detriment of consumers and citizens,” FIA said in the letter.