Why did Indian Oil Corp. keep domestic jet fuel prices unchanged in May while raising international rates?

Indian Oil Corp. kept domestic jet fuel prices unchanged at 104,927 rupees ($1,105) per kiloliter for May to prevent airlines from suspending domestic services amid a war-driven jet fuel shortage; it raised prices for international route operators instead, as airlines had warned of service suspensions and the government had capped monthly domestic price hikes at 25% after a previous sharp increase triggered protests.

What measures has the Indian government taken to ease the jet fuel cost burden on airlines?

The Indian government capped monthly domestic jet fuel price hikes at 25%, rolled back a previous more-than-doubling of domestic prices after airline protests, and slashed export taxes on jet fuel to 33 rupees per liter for the first 15 days of May from 42 rupees earlier; airlines are also seeking a return to pandemic-era cost caps and tax reductions or deferments.

India Holds Domestic Jet Fuel Prices, Raises International Rates

Apr 30, 2026

Indian Oil Corp maintained domestic jet fuel prices while raising international rates due to Middle East war disruptions. The refiner also held diesel and gasoline prices steady after the government reduced export taxes to mitigate aviation industry costs.

bloomberg

2026-04-30

India Holds Domestic Jet Fuel Prices, Raises International Rates

2026-05-29

Indian Oil Corp Buys 5 Million Barrels of Crude from West Africa, Middle East

2026-06-18

Indian Oil Corp seeks gas, oil tankers to lift cargoes from Gulf, documents show

2026-07-07

India's Top Refiner Charters VLCC to Load Oil from Iraq, Sources Say

2026-07-29

India's Top Refiner Scouts Stakes in Gas Carriers as It Plans Higher US Imports