India explores measures to stabilize jet fuel prices
after close1 source ↓written by the desknot a recommendation
- for airlines
- 26% of operating expenses
India's government is working to protect airlines from rising jet fuel prices due to the escalating conflict in West Asia. Officials from the civil aviation ministry are collaborating with the petroleum ministry to prevent immediate fare increases, as jet fuel constitutes 26% of operating expenses for airlines. The jet fuel crack spread recently soared to nearly $100 per barrel, impacting operational costs.
Not investment advice. For informational purposes only.