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April 8, 2026

Iran war: Centre opens talks with states on jet fuel tax cuts amid cost surge

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Jet fuel prices climbed to $209 per barrel for the week ended 3 April, up 117.8% from $95.95 per barrel in late February, according to International Air Transport Association (IATA) data. Crude oil prices have also surged, rising from $67.02 per barrel at the end of February to $115.85 per barrel on 7 April, as the conflict between the US, Israel, and Iran escalated.

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