Kingfisher and Jet Airways have hiked their fares and the new fares will be effective starting Friday. While Jet Airways Economy class fares are up 10 per cent, the airline's subsidiary, Jetlite, has so far not effected any hike. And Vijay Mallya-owned Kingfisher announced a 10 per cent hike in base fares across the board. The increase in air fare is the result of rising international oil prices.
Vivian Fernandes explains the jargon behind the problem.
http://www.ibnlive.com/news/ibnlive-chat-the-price-youll-have-to-pay-for-inflation/69038-3.html
Increase in oil prices to about 50 per cent earlier had raised concerns.
http://www.ibnlive.com/news/oil-prices-slide-to-less-than-142-per-barrel/68500-7.html
Alternatives include battery-operated vehicles, fuel from sugarcane and Jatropha.
http://www.ibnlive.com/news/fuelling-the-future-looks-for-petrol-alternatives/68373-11.html
The Aviation Industry is seeing negative growth for the first time.
http://www.ibnlive.com/news/as-airlines-slip-on-oil-its-boom-time-for-railways/68262-3.html
Sugarcane waste or molasses are being used to extract ethanol for bio-fuel.
http://www.ibnlive.com/news/does-sugarcane-have-enough-juice-to-power-indias-fleet/68243-11.html
Companies like GMR and GVK are reducing estimated airport revenues.
http://www.ibnlive.com/news/oil-hike-leaves-airlines-airport-operators-bleeding/68197-7.html
But is the average consumer ready to accept this form of fuel to cook?
http://www.ibnlive.com/news/alternate-fuel-poop-power-fuels-idli-joint-in-puducherry/68178-3.html
Aam aadmi is buckling under the ever-increasing financial pressure.
http://www.ibnlive.com/news/face-the-nation-boom-time-over-for-middle-class/68155-3.html
CNN-IBN Citizen Journalist Naveen sent us pictures from a Chennai petrol station.
Don't have money to tank-up that gas guzzling Sedan – may be it’s time to switch to something smaller, something that dosen't run on fuel.
http://www.ibnlive.com/news/heres-an-economically-charged-option-to-drive-in/68077-11.html
Inspite of a surge in oil prices, FM has ruled out any further price hike.
http://www.ibnlive.com/news/india-a-victim-of-international-crude-prices-fm/67882-7.html
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