New Delhi: Flight tickets are going to soar further after the government increased the price cap on domestic airfares for the second time in just over two months by 9 to 12 percent.
In an order dated Thursday, the lower limit for flights under 40 minutes of duration was raised from Rs 2,600 to 2,900 – an increase of 11.53 percent, by the Civil Aviation Ministry.
The upper cap for flights under 40 minutes has also seen a surge in their prices by 12.82 percent to Rs 8,800.
Flights with a duration between 40-60 minutes will now have a lower limit of Rs 3,700 up from Rs 3,300 while the upper cap on these flights has gone up by 12.24 percent to Rs 11,000 from Friday.
Similar hikes have been imposed on journeys between 90-120, 120-150, 150-180, and 180-210 minutes.
Actual ticket prices, however, are likely to be higher than the caps since these do not include the passenger security fee, user development fee for the airports, and the Goods and Services Tax.