India keeps domestic jet fuel prices unchanged, raises fuel prices for international flights

Previously, several airlines had warned that, due to fuel shortages caused by ongoing conflicts, they might be forced to suspend some flights. The largest Indian refinery, which also serves as the industry’s pricing benchmark, announced that it will keep domestic aviation kerosene prices at 104,927 rupees per kiloliter. According to its official website, the company will raise fuel prices for airlines operating on international routes, although the specific increase has not been disclosed publicly. The shortage of aviation kerosene caused by the conflict in the Middle East has impacted the operations of many airlines worldwide. The Strait of Hormuz, a vital energy transport route, has effectively come to a standstill, and the conflict is now entering its third month. The aviation industry is highly sensitive to fuel price increases, as fuel expenditure can account for up to 40% of airline operating costs. Even minor price increases can significantly erode corporate profitability and drive up ticket prices.