India Doubles Jet Fuel Prices for a Few Hours, Then Reverses

India was forced to roll back a huge hike in jet-fuel prices for local flights within hours of pushing them to a record, bringing fresh upheaval to an industry grappling with the effects of a deepening war in the Middle East.

State-owned Indian Oil Corp. — which leads pricing moves — initially doubled the price in New Delhi to 207,341 rupees ($2,187) a kiloliter for April. Hours later, it revised them to 104,927 rupees, according to its website.