India Approves ₹10,000 Crore Support for Aviation Fuel Stabilization
The Union Cabinet, led by Prime Minister Narendra Modi, approved a ₹10,000 crore budgetary support for Oil Marketing Companies (OMCs) to stabilize Aviation Turbine Fuel (ATF) prices for Indian airlines. This one-time initiative aims to counter the fuel volatility caused by the West Asia crisis, ensuring affordable air services and protecting passengers from sudden cost increases. It underscores the Indian Government's continuous efforts to support the aviation sector amid global economic challenges.
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