India is once again witnessing a sharp fuel price hike, and this time the impact is not just limited to roads but is also reaching the skies.
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Premium Petrol and Diesel Prices Rise
Premium petrol, especially XP100, has risen sharply from Rs 149 to Rs 160 per litre. Premium diesel has also seen a slight increase, adding to consumer costs, while regular fuel prices remain mostly stable.
Jet Fuel Crosses Rs 2 Lakh Mark for the First Time
One of the most shocking developments is the massive rise in aviation fuel prices. Jet fuel, also known as aviation turbine fuel, has crossed Rs 2.07 lakh per kiloliter, which is the highest ever recorded in India. This is not just a small increase; the price has more than doubled compared to previous levels, highlighting the severity of the situation.
What Is Causing This Fuel Price Hike?
The main reason behind this sudden surge is the rise in global crude oil prices, largely influenced by geopolitical tensions like the ongoing Iran-related conflict.As global supply chains get disturbed and oil becomes expensive, countries like India that rely heavily on imports are directly affected. Changes in logistics costs and currency fluctuations also add to the pressure.
Will Airfare Skyrocket?
This is the biggest concern right now. The answer is very likely yes. Fuel accounts for nearly 20 to 40 percent of airline operating costs, making it one of the most critical expenses for airlines.
With jet fuel prices rising sharply
- Airlines may increase ticket prices
- Fuel surcharges could be added
- Travel costs may become significantly higher
Fue
