Jet fuel & India

Jet fuel: A Special Additional Excise Duty was imposed on Jet fuel exports to curb windfall gains by refiners and boost domestic availability.

India: India implemented a windfall tax on fuel exports and capped refinery margins to offset domestic fuel sale losses, aiming to stabilize its energy market amidst rising international oil prices.

Jet fuel: Jet fuel>>> prices have nearly doubled, accounting for a significant portion of the war-related costs for airlines.

India: India, as the world's third-largest oil importer, is highly exposed to the Iran war's economic fallout, facing mounting costs, supply disruptions for oil and fertilizer, and pressure on its economic growth and government finances.

Jet fuel: Jet fuel supply has been severely disrupted and prices have doubled, significantly impacting the airline industry.

Jet fuel: Jet fuel is the commodity at the center of this crisis, with shortages, soaring prices, and potential flight cancellations due to supply disruptions from the Strait of Hormuz.