New Delhi, April 2 -- Planning your next foreign holiday this summer? Prepare to pay more to fly, as airlines are expected to raise fares, amid record-high jet fuel costs driven by the West Asia war.

On Wednesday morning, state-run oil marketing companies set jet fuel prices for the month at Rs.200,000 per kilolitre, more than double the previous price of Rs.96,638.14. The Union petroleum ministry stepped in quickly, capping the increase for domestic flights.







Following the change, Indian Oil's jet fuel now costs Rs.104,927 per kilolitre in Delhi, an 8.5% rise over March, while airlines would have to pay the new rate for international flights. Internationally, jet fuel spiked 129% in March, as refiners pass on the increased cost of...