Cabinet approves Rs 10,000 crore for ATF price stabilization fund

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 prices. The ongoing West Asia crisis has significantly impacted aviation fuel costs. This initiative will help manage the financial strain on the sector.

from Industry-Economic Times https://ift.tt/m6gWKOG
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