Iran Crisis Fuels Jet Price Hike, Indian Air Travelers May Face Shock

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Jet Fuel Prices Soar 72% Amid Iran Crisis; India's Air Travelers Face Higher Fares

ईरान संकट के बाद जेट फ्यूल की कीमत 72 फीसदी बढ़ चुकी है.

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News18•05-03-2026, 12:53

Jet Fuel Prices Soar 72% Amid Iran Crisis; India's Air Travelers Face Higher Fares

•The escalating Iran-US conflict in West Asia has significantly driven up jet fuel prices, threatening energy consumers globally.
•India, importing 88% of its crude oil, is vulnerable to the price surge, intensified by the potential closure of the Strait of Hormuz.
•Jet fuel prices in Singapore surged 72% to a record $225.44 per barrel, with spot prices up 140% since February 27.
•The market anticipates a severe shortage, leading Asian refineries to reduce operations and advance maintenance schedules.
•India's Mangalore Refinery and Petrochemicals (MRPL) halted fuel exports, and other Indian refineries are expected to follow.

Read Full Article on News18 in Hindi

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