Jet fuel prices for international flights reduced by 27%, rates for domestic operations unchanged

Oil marketing companies have reduced the price of aviation turbine fuel for international flights by 27%, The Indian Express reported on Monday. With this, the rates of jet fuel for international operations have come down to levels similar to those for domestic flights.

The price of jet fuel for domestic flights was kept unchanged for the second consecutive month after airlines urged the oil marketing companies not to hike rates further, according to Bloomberg. Jet fuel for domestic flights will cost Rs 1,04,927 per kilolitre in New Delhi for June.

Last month, airlines had asked oil marketing companies Indian Oil, Bharat Petroleum, and Hindustan Petroleum to halt price hikes for domestic flights till the end of the war in West Asia, reported Bloomberg. This came after they reduced flights in March and April due to lower demand in the wake of high ticket prices.

In April, the government announced that oil marketing companies would hike jet fuel prices for domestic flights only partially by 25%. This meant that jet fuel prices in Delhi were increased by Rs 15,000 to reach Rs 1,04,927 per kilolitre, The Indian Express reported. However, the prices of jet fuel for international flights were increased significantly, translating to a rise of around Rs 73,000 per kilolitre.

In May, aviation turbine fuel...

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