The Civil Aviation Minister's remarks assume significance against the backdrop of concerns in certain quarters that at times airlines are charging exorbitant prices for tickets.

Last year, there were demands from various quarters, including Parliamentarians, to put in a mechanism to contain steep fluctuations in airfares.

"In our analysis, if we take a year of ticketing, 1.7 percent of the ticketing (air tickets) were priced high. So if you go into floors and caps, we will be pushing up the cost of tickets to about 98 percent and bringing it down for the rest. I don't think that is how policy is formulated. We would like to keep it (ticket prices) down and things to be passed on (to passengers)," Raju said here.

According to the Minister, airlines should pass on the benefits of lower ATF prices to the flyers.

Jet fuel account for more than 40 percent of an airline's operating costs. In recent times, the fuel costs have come down, easing the financial burden on carriers.

On February 1, the price of Aviation Turbine Fuel (ATF) was slashed by 12 percent.

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