Indian public sector oil companies have more than doubled the price of aviation turbine fuel, with prices in New Delhi reaching Rs 207,341.22 ($2,212 or €1,911) per kiloliter, Indian media reported.
This is the first time jet fuel prices have crossed the Rs 200,000 mark in India for domestic flights. The previous high was about Rs 110,000 when Russia invaded Ukraine in 2022.
The price of jet fuel for international flights also saw a 107% increase.
Indian oil companies determine the market price of aviation fuel and announce the revised rate on the first day of every month.
The hike is due in part to the disrupted fuel supply chain in the Middle East, and partly due to the Indian rupee’s worst performance in 14 years.
In March, Indian airlines had announced a fuel…
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Source www.dw.com
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