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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
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The Union Cabinet, led by Prime Minister Narendra Modi, has sanctioned a price stabilization fund of up to Rs.10,000 crore for Oil Marketing Companies to stabilize Aviation Turbine Fuel (ATF) costs faced by Indian airlines due to West Asia's ongoing crisis. The initiative involves interest-free advances,
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The Ministry of Finance has revised the export levies on petrol, diesel, and aviation turbine fuel (ATF) for the fortnight starting June 1, 2026. The adjustments stem from a policy initiated on March 27, 2026, aimed at ensuring domestic petroleum supply amidst the West Asia crisis. The new levies are
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The Indian government amended the Aviation Turbine Fuel Regulation of Marketing Order to include Sustainable Aviation Fuel. This move aligns with global trends and supports emission reduction commitments set by the International Civil Aviation Organization. Source: Original Link