Government intervenes to limit jet fuel price hike
market hours1 source ↓written by the desknot a recommendation
- ₹15/litre amid rising
- 25%
The government has intervened to limit the jet fuel price increase to 25% (₹15/litre) amid rising global oil prices due to the Iran war. This partial rollback aims to prevent a surge in domestic airfares ahead of state elections and the summer travel season. Airlines will still face full international rates on overseas routes.
This move may stabilize air travel costs, positively impacting passenger demand during peak travel periods.
Not investment advice. For informational purposes only.