Indian Airlines Ask Refiners to Postpone Local Jet Fuel Price Hike

Major Indian airlines have asked the state oil companies to postpone hikes in jet fuel prices for domestic flights until the Middle East crisis is over, Bloomberg reported on Tuesday, quoting sources with knowledge of the development. India’s oil marketing companies (OMCs) have raised the prices of jet fuel for international flights, which have more than doubled compared to before the Iran war. But they haven’t raised the prices for domestic flights, yet. A decision is expected by June 1, with state oil companies considering a 25% increase.…