India Hikes Jet Fuel and Commercial LPG Prices Amid Middle East Conflict
Summary
India has increased jet fuel and commercial LPG prices due to the Middle East conflict, with partial relief measures to limit sharp hikes in domestic air travel costs.
Key Points
- India increased Aviation Turbine Fuel (ATF) prices by 8.5 percent in Delhi and other cities.
- Middle East conflict has caused significant pressure on global oil and gas supplies, especially via the Strait of Hormuz.
- The government limited jet fuel price hikes to around 25 percent to lessen domestic air travel impact, though international flights face full price increases.
- Commercial LPG prices rose by about 200 Indian Rupees for a 19-kg cylinder in major cities, while domestic LPG prices remain unchanged.
