Indian Refiners Freeze Domestic Jet Fuel Prices

AI Summary

Indian refiners have frozen the price of domestic jet fuel following a sharp 8.6% price increase in April amid tight supply conditions. They also reduced international jet fuel prices, responding to airlines' requests for relief and stabilizing fuel costs temporarily.

Indian refiners have frozen the price of jet fuel for domestic flights after airlines asked for a respite from fuel price hikes, Bloomberg has reported, adding that in April, jet fuel prices jumped by 8.6% in response to tighter supply. In an additional concession to airlines, Indian fuel makers also reduced the price of jet fuel for international flights, the report also said, citing unnamed spokespeople from state-owned refiners. Indian Oil Corp., Bharat Petroleum Corp, and Hindustan Petroleum Corp. have hiked fuel prices four times in the past…