June 3, 2026 10:59 PM
Cabinet Approves Rs 10,000-Crore Fuel Price Support for Airlines Amid West Asia Crisis
The Union Cabinet on Wednesday approved a one-time budgetary support package of up to ₹10,000 crore for Oil Marketing Companies (OMCs) to provide Aviation Turbine Fuel (ATF) price stabilization support to scheduled Indian airlines, a move aimed at shielding carriers and passengers from the impact of volatile fuel prices triggered by the ongoing West Asia crisis. The decision, taken at a meeting chaired by Prime Minister Narendra Modi, seeks to enhance stability and predictability in ATF prici...


