Bhubaneswar, April 1 -- In a bid to protect domestic airlines and passengers from skyrocketing fuel prices, the Indian government has intervened following a dramatic spike in aviation turbine fuel (ATF) costs. The surge is linked to the ongoing war in the Middle East, which has severely disrupted global energy supplies.

On Wednesday morning, the Indian Oil Corporation (IOC), a state-owned entity, initially announced a sharp increase in ATF prices, doubling them to Rs 2.07 lakh per kilolitre in Delhi for April. However, within hours, prices were revised down to Rs 1.04 lakh per kilolitre. This price fluctuation was prompted by the government's decision to shield domestic airlines from the full impact of global energy price hikes.

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