India Approves ₹10,000 Crore ATF Price Stabilisation Fund for Airlines

India’s Union Cabinet has approved a ₹10,000 crore Price Stabilization Fund to shield airlines from ATF volatility linked to the West Asia crisis. The support will be extended as interest‑free advances to OMCs, compensating losses when import parity prices exceed benchmarks, and recovered when prices ease. Airlines gain a fixed‑price ATF arrangement for up to three years, overseen by a multi‑ministry committee. With ATF costs rising from ₹60.50/litre (Mar) to ₹142/litre (May), the scheme aims to stabilize operations, protect connectivity, and limit fare shocks.