ATF price stabilisation plan: Jet fuel prices rise 10% as oil retailers roll out scheme
AI Summary
Aviation turbine fuel prices have increased by 10%, but a government-backed price stabilization scheme will maintain rates for airlines at Rs 115 per litre for up to three years. This initiative aims to protect airlines from fluctuations in global oil prices, with the government offering interest-free advances to oil companies when prices exceed Rs 86.32 per litre.
Aviation turbine fuel prices rose by 10% as a government-backed price stabilization scheme locks in rates for airlines at Rs 115 per litre for up to three years. This voluntary scheme aims to shield carriers from global oil price volatility, with the government providing interest-free advances to oil companies if benchmark prices exceed Rs 86.32 per litre.
Original Article
Published on Times of India