115% ATF Shock Rocks India As Prices Hit ₹2 Lakh, Govt Shields Flyers But Crisis Fears Loom

India woke up to a shocking spike in aviation fuel prices, with ATF briefly crossing ₹2 lakh per kilolitre after a massive 115% hike. While the move sparked fears of a major aviation crisis, the government quickly clarified that domestic airlines would be shielded through subsidies. The burden, however, will fall on international and non-scheduled flights. The Petroleum Ministry also revealed massive losses faced by oil companies due to rising crude prices. With petrol and diesel prices potentially skyrocketing if subsidies are lifted, the situation highlights the growing pressure on India’s energy sector amid escalating tensions in West Asia.