India’s aviation sector received a significant boost on Wednesday as the price of Aviation Turbine Fuel (ATF), commonly known as jet fuel, was reduced by approximately ₹5 per litre following a decline in international crude oil prices. The move comes after weeks of volatility in global energy markets and is expected to ease operational cost...
In a significant move aimed at protecting India’s aviation sector from global energy market turbulence, the Union Cabinet has approved a one-time ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund. The measure is designed to shield domestic airlines from sharp fluctuations in jet fuel prices that have emerged due to ongoing geopolitical tensions and...