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India's state-owned oil refiners have kept jet fuel prices steady for local flights following a plea from airlines to hold off on further hikes as they grapple with the fallout from the Iran war.
The fuel price for domestic flights will remain unchanged at 104,927 rupees ($1,104.25) a kiloliter in New Delhi for June, according to spokespeople from the state oil processors. In April, the cost of so-called aviation turbine fuel was raised by 8.6%, with the government requiring they stay constant in May.
Refiners also provided additional relief to Indian airlines by reducing jet fuel prices for international flights, although the spokespeople didn't immediately provide details on the size of the cut.
“The aviation turbine fuel prices are determined based on international benchmark rates,” Sujata Sharma, joint secretary in the oil ministry told reporters at a media briefing on Monday. Yet, oil marketing companies are still losing 30 rupees on every liter of jet fuel sold in the domestic market, she said.
Last month, India's airlines asked refiners including Indian Oil Corp. and Bharat Petroleum Corp. to halt price increases for local flights until the end of the war, according to a Bloomberg News report. Key carriers have been forced to reduce flights through March and April due to depressed demand in the world's third-largest domestic aviation market, after passing on elevated costs to fliers in the form of higher fares.
01/02/2026 Bloomberg/NDTV Profit
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