Indian Cabinet Approves Rs 10,000 Crore ATF Price Stabilization Package for Oil Marketing Companies
48Framing Analysis
The Union Cabinet approved a Rs 10,000 crore interest-free advance package for Oil Marketing Companies on Wednesday to address a reported 2.5-fold rise in aviation turbine fuel prices. The measure applies to scheduled Indian carriers on domestic and international routes and channels funds through the Ministry of Petroleum and Natural Gas. Sources confirm ATF accounts for nearly 40 percent of airline operating costs, with domestic prices capped and international purchases made at import parity.