India raises jet fuel prices for first-half April

India raises jet fuel prices for first-half April

Mumbai, 4 April (Argus) — Indian state-controlled refiners have increased jet fuel prices for the first half of April following a rise in international oil prices on the prospect of supply disruptions with the Russia-Ukraine conflict.

Price of jet fuel for domestic airlines in Delhi has been set at 112,925 rupees/kilolitre ($1,495/kl) for the first half of April, up by 2pc from the second half of March's Rs110,666/kl, according to state-controlled refiner IOC.

There was an 18pc hike in prices for the second half of March compared with Rs93,531/kl for the previous two weeks. The 18pc hike was the steepest ever increase to a new high after international oil prices surged to a multi-year peak.

Prices for airlines on international routes also increased to $1,125/kl for the first half of this month, up by 20pc from the first half of the previous month.

Daily domestic airport footfall averaged about 684,000/d as of 31 March with an average of 531,000/d for February, according to Argus estimates based on daily traffic data published by India's civil aviation ministry. But commercial international flights restarted from 27 March, with a relaxation of Covid-19 protocols for international passengers after a two-year suspension, the ministry said.