The latest adjustment follows the government's regular fortnightly review process.
IndiGo, Air India, and Air India Express will collectively withdraw nearly 250 flights daily starting in June.
Oil marketing companies are currently absorbing losses to maintain these rates.
Meanwhile, commercial LPG users are facing sustained price pressure.
With the revision, excise duty on petrol now stands at ₹13 per litre, while diesel attracts ₹10 per litre.