India Clears $1 Bn Fund to Stabilise Jet Fuel Costs As West Asia Tensions Soar | Firstpost Live | 4K
India has approved a ₹10,000 crore, or roughly $1 billion, fuel stabilisation fund to help airlines cope with soaring jet fuel prices triggered by the West Asia crisis. The scheme will provide interest-free support to oil marketing companies, allowing them to supply aviation fuel at stable rates to Indian carriers. The move is designed to reduce the impact of fuel price volatility, which accounts for nearly 40% of airline operating costs. Airlines say the measure will bring much-needed certainty to operations and budgeting. The government has described the fund as a temporary relief mechanism, not a permanent subsidy.---
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