Govt Approves ₹10,000 Crore ATF Fund To Ease Airline Fuel Costs Amid West Asia Conflict | Outlook India
The one-time support, structured as interest-free advances to OMCs through the Ministry of Petroleum and Natural Gas, will fund a price stabilisation mechanism running for up to three years. Under the arrangement, OMCs will be compensated whenever international import parity prices exceed a benchmark level set under the approved mechanism. When global ATF prices moderate, the differential will be recovered…
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