The Union Cabinet has approved significant development initiatives totaling Rs 30,290 crore. A key focus is providing Rs 10,000 crore in budgetary support to Oil Marketing Companies. This aims to stabilize Aviation Turbine Fuel prices for Indian airlines. This measure addresses the current fuel price volatility. The support will help ensure stable operations for domestic and international flights.

The Union Cabinet has approved a Rs 10,000 crore Aviation Turbine Fuel Price Stabilisation Fund. This fund aims to protect airlines and passengers from the sharp rise in ATF…

Amid the prolonged Middle East conflict, the government has approved an Aviation Turbine Fuel (ATF) Price Stabilisation Fund to safeguard problems being faced by airlines, oil…

Cabinet approves ₹10,000 crore fund to stabilize aviation fuel prices, aiding Indian airlines amid escalating costs and global volatility.