US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs

Key points

• The government said that due to the crisis in the Middle East, international ATF prices have increased 2.5 times.
• (AI image) Aviation Turbine Fuel (ATF) Price Stabilisation Fund: Top points Help stabilise ATF prices for scheduled Indian carriers Prevent disruption of airline operations Shield air passengers from fare spikes driven by global price surge Protect 77 lakh jobs dependent on the aviation ecosystem Safeguard substantial public investment in airport infrastructure by keeping airline operations viable Maintain regional and international connectivity to Europe, North America and Central Asia given Pakistan airspace closure Poll Should the government extend the ATF Price Stabilisation Fund if global fuel prices remain high?
• Yes, to support the aviation sector.
• No, it should have a time limit.
• Only if it guarantees job protection.