Mint Quick Edit | IOC’s jet fuel flip-flop: Do airfares in India deserve protection from an oil shock?
Foreign airlines, however, will have to pay the higher price, officials said. Expressions of relief from Indian air-carriers suggest a government role in the downward revision. True, it is consistent with the Centre’s stated preference for gradual hikes in response to an oil shock caused by the war in West Asia. Airfares, thus, aren’t about to spike, though they’re clearly on an incline.
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