Fuel crisis pushes fares up, airlines warn of more increases ahead Last updated: May 02, 2026 | 05:00 Fuel accounts for up to 40% of an airline’s operating costs, making the sector highly vulnerable to price shocks. Supplied India has held jet fuel prices steady for domestic flights while sharply increasing rates for international operations, offering limited relief to airlines already warning of a potential shutdown. State-run Indian Oil Corporation, which sets benchmark fuel prices, said on its website it would keep domestic aviation turbine fuel (ATF) unchanged at about INR 104,927 (Dh4,060, as per current rates) per kilolitre. However, prices for international routes have been raised to roughly INR 1,42,425.40 (Dh5,530) per kilolitre, reflecting rising global costs, Bloomberg has reported. The move comes as airlines worldwide face a jet fuel crunch driven by the Middle East conflict and supply disruptions through the Strait of Hormuz.…