Govt Unveils ₹10,000 Crore ATF Fund, Caps Jet Fuel Prices To Support Airlines

The Government has approved a ₹10,000 crore ATF Price Stabilization Fund to cap Aviation Turbine Fuel prices at ₹75.6 per litre for domestic operations. In this video, Business Today TV, Sakshi Batra discussed with Karishma Asoodani, Business Today TV, that the major move aims to provide relief to Indian carriers like Air India and IndiGo, which were hit hard by skyrocketing fuel costs due to the West Asia crisis. With ATF prices already up 2.5 times, this fund will stabilize costs for both domestic and international flights. A much-needed boost for the aviation industry!