US Israel Iran War: IndiGo, the largest carrier of India, has become the country’s first airline to pass on the buck of increased aviation turbine fuel (ATF) to consumers. It announced revised fuel surcharges of up to Rs. 10,000 on long-haul international flights and Rs. 950 per sector on domestic routes for all new bookings from April 2, 2026.
US Israel Iran War-IndiGo Price Hike
Interestingly, the ATF hike by the Indian government was highly moderated. According to the Jet Fuel Monitor of International Air Transport Association (IATA), fuel prices have soared over 130 percent month-on-month.
DON'T MISS
According to market analysts, many international flights are unable to cover variable costs at market-linked fuel prices. Therefore, airlines are reconsidering capacity deployment on specific routes.
Sensex Crashes in Terror!
Markets across the world fell in terror after United States President Donald Trump remarked that a possible escalation on Iran is just around the cards. Trump warned of potential airstrikes on Iran’s oil infrastructure while also talking about peace talks on the other hand.
On Thursday, benchmark stock market indices plunged as investor sentiment dampened. This was after Trump remarked the United States would push the Islamic Republic of Iran back to the Stone Age. The US President went on to add that USA would not think twice before hitting the oil infrastructure of Iran.
The NSE Nifty50 plunged 439.55 points to 22,239.85 while the S&P BSE Sensex crashed 1401.01 points to 71,733.32. Brent Crude spiked around 5 percent and is now trading at $105. The 10-year US bond yield firmed up to 4.36 percent to negatively impact the prices of gold and silver marginally.
Market analysts believe that the widening trade deficit, sustained Foreign portfolio investment selling, high crude price and the fear of declining remittances are cumulatively acting to put intense pressure on the Indian Rupee that continues to decline despite restrictions imposed by the Reserve Bank of India on dollar futures deals.
