Transportation
Indian Airlines Plead With Oil Majors to Postpone Jet Fuel Hikes
An IndiGo aircraft and an Air India aircraft at the Indira Gandhi International Airport in New Delhi.
Photographer: Prakash Singh/BloombergIndia’s airlines have asked state-run oil refiners to hold off on hiking jet fuel prices for domestic flights until the conflict in the Middle East ends, people familiar with the matter said, in a bid to alleviate their rising cost pressures and mounting losses.
The proposal floated by airlines including Air India Ltd., IndiGo and SpiceJet Ltd. is being considered by the refiners, said the people, who asked not to be named because the discussions are private. India’s oil and gas ministry is also involved in discussions, and may intervene again as it did in April and May.