Excessive Gasoline Prices, Foreign exchange Fee Variation Led To Rs 4,685 Crore Loss For Air India In FY19: Centre

ATF prices elevated from Rs 7,363 crore in 2017-18 to Rs 10,034 crore in 2018-19: Hardeep Singh Puri

New Delhi:

Enhance in gas prices and influence of overseas change fee variation had been two main causes for Air India’s working lack of Rs 4,685 crore in 2018-19, Civil Aviation Minister Hardeep Singh Puri mentioned on Thursday.

“Aviation Turbine Gasoline (ATF) prices elevated from Rs 7,363 crore in 2017-18 to Rs 10,034 crore in 2018-19 i.e. a rise of virtually 28.9 per cent in gas charges over the earlier yr,” Puri mentioned in a written reply to a query in Lok Sabha.

“The influence of change fee variation led to a rise in bills from Rs 31 crore in 2017-18 to Rs 772 crore in 2018-19,” he added.