Key facts
- Indian refiners have frozen domestic jet fuel prices for local flights.
- Airlines had requested relief from fuel price hikes.
- Jet fuel prices jumped 8.6% in April due to tighter supply.
- Prices for international flights were also reduced.
- State-owned refiners include Indian Oil Corp., Bharat Petroleum Corp, and Hindustan Petroleum Corp.
Indian refiners have decided to freeze domestic jet fuel prices following requests from airlines seeking relief from previous increases. This move comes after jet fuel prices saw an 8.6% surge in April, attributed to tighter supply and geopolitical tensions in the Middle East. The decision also includes a reduction in prices for international flights, signaling an effort to stabilize costs amidst global energy market volatility.