ATF Price Rollercoaster: From 115% Panic to 8.5% Relief in Hours

• Aviation sector faced panic after an initial report of a 115% ATF price hike by Indian Oil Corporation (IOC) at 6:00 AM.
• IOC issued a correction at 9:42 AM, clarifying the actual increase was only 8.5%, bringing significant relief.
• Ministry of Petroleum clarified that ATF prices are deregulated since 2001, revised monthly based on international benchmarks.
• Government and OMCs implemented a partial, staggered increase to mitigate the impact of West Asia tensions on domestic flights.
• Domestic flights received partial relief, while international routes face the full increased price, preventing a sudden surge in domestic ticket prices.