business ⛽ Jet fuel and commercial LPG prices see hike
Jet fuel prices for domestic airlines increased by over 5% on Tuesday, with Indian Oil Corporation Limited reporting the rise. This second consecutive monthly increase brings the aviation turbine fuel rate to Rs 121.2 per litre. The hike adds to airline expenses, as fuel is about 40% of their operating costs. Simultaneously, commercial 19-kg LPG cylinder prices rose by around Rs 10 across the country. This trend is linked to global oil price increases from the West Asia conflict. ⛽