While petrol and diesel prices remained frozen after a hike between 22 March - 6 April, ATF prices surged, further compounded by the depreciation of the rupee against the dollar.
India proving to be a bright spot for jet fuel demand after Covid delta variant interrupted air travel recovery. This could be fleeting though if vaccination pace doesn't improve.
With International Air Transport Association not expecting air travel to get back to pre-virus levels until 2024, this may be a feature of the market for some time to come.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
The Chinese are said to have hired ex-fighter pilots & air force operators from NATO countries over the past several years to help them fine-tune their operational & flying capabilities.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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