On Friday, the Indian government increased petrol prices by ₹3.14 per litre and diesel prices by ₹3.11 per litre, alongside a ₹2 hike in CNG prices. This decision comes amid escalating tensions in the Strait of Hormuz, a critical oil trade route, raising concerns about future increases in aviation turbine fuel (ATF) prices. ATF is a major cost for airlines, typically accounting for about 40% of operating expenses, which can rise to 55-60% during fuel spikes. The last ATF price adjustment occurred on May 1, when international ATF prices were increased by $76.55 per kilolitre to $1,511.86 per kilolitre. Airlines, including IndiGo and Air India, have expressed concerns over the sustainability of the current pricing mechanism, urging the government to reintroduce limits on oil company margins. Globally, jet fuel prices have skyrocketed, prompting airlines to cut flights and raise fares. The ongoing situation in the Strait of Hormuz, which handles about one-fifth of the world’s oil trade, could lead to further disruptions in fuel markets, affecting airfares and airline operations in the near future.