Fuel prices in India have seen a noticeable spike, with premium petrol now costing as much as ₹160 per litre in Delhi. The increase comes at a time when global oil markets are under pressure due to rising tensions in West Asia, affecting supply and pushing prices higher.
Indian Oil Corporation recently raised the price of its high-performance XP100 petrol by ₹11 per litre, taking it from ₹149 to ₹160. This type of fuel is mainly used in luxury cars and high-end motorcycles, so the impact will be felt most by niche consumers rather than the general public.
At the same time, jet fuel prices have seen an even sharper rise. Aviation turbine fuel (ATF), which airlines rely on heavily, briefly crossed ₹2 lakh per kilolitre, a record high. Although prices were later adjusted to around ₹1.04 lakh per kilolitre for domestic carriers, the cost remains significantly elevated.
This surge is closely tied to global crude oil prices, which have risen amid fears of supply disruptions. Key oil-producing regions and important shipping routes are under strain due to ongoing geopolitical conflicts, making fuel more expensive worldwide.
For airlines, this is a major concern. Fuel typically makes up a large share of their operating costs, sometimes as much as 40–45%. With such a sharp increase in ATF prices, airlines may have little choice but to raise ticket prices or cut back on certain routes to manage expenses.
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