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Govt sets aside Rs 10k crore to cap jet fuel price, keep air fares in check
NEW DELHI: In a bid to ensure airfares don't get completely out of reach for the common citizen and airlines don't collapse, govt on Wednesday decided to set aside Rs 10,000 crore to cap aviation turbine fuel (ATF) or jet fuel prices and prevent them from sharp surges. This one-time budgetary support will be given as interest-free advance to oil marketing companies (OMC) to compensate them for not passing on the hike to Indian carriers whenever the jet fuel price spikes.
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thehindubusinessline.com
Domestic jet fuel prices unchanged for June; international rates reduced
India maintains domestic jet fuel prices for June while reducing international rates, amidst rising operational costs for airlines.
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economictimes.indiatimes.com
ATF prices for international airlines slashed 27%; domestic rates unchanged
International airlines see a significant 27 percent cut in jet fuel prices. Domestic carriers, however, continue to pay unchanged rates. Commercial LPG prices have reached record…
