India is buttressing measures to insulate its economy and companies from the impact of sky-high fuel prices caused by the Mideast conflict. New Delhi has just launched a new 100 billion rupee ($1.1 billion) jet fuel price stabilization fund aimed at compensating state oil marketing companies (OMCs) for the heavy losses they face from selling discounted jet fuel into the domestic market. New Delhi has already capped prices for jet fuel used on domestic routes at 75.60 rupees per liter ($2.99 per gallon). That is far below international jet fuel prices, which averaged 142 rupees/liter ($5.60/gallon) last month, according to official data.