Last week, the Union Cabinet approved a Rs 10,000-crore price stabilisation fund for aviation turbine fuel, fixing a static price of Rs 115/litre for both domestic and international flights. The government said the move will help reduce airfare volatility.

The money will be used to compensate state refiners for heavy losses from selling fuel in the price-capped domestic market.

The Union Cabinet approves a one-time financial support of up to ₹10,000 crore to stabilize Air Turbine Fuel (ATF) prices for Indian airlines amid global fuel price volatility and…

Last week, the Union Cabinet approved a Rs 10,000-crore price stabilisation fund for aviation turbine fuel, fixing a static price of Rs 115/litre for both domestic and…

Aviation fuel prices have increased by about 10 percent. State-owned fuel retailers have introduced a price stabilization scheme. Domestic airlines can now get a fixed fuel rate…

Aviation turbine fuel (ATF) prices for domestic airlines rose by around 10 per cent on Tuesday as state-owned oil marketing companies rolled out a government-backed price…

Jet fuel prices rise by 10%, lifting a cap on sales to domestic airlines amid new price stabilization measures.