The Economic Times

Cabinet approves Rs 10,000 crore fund to cap jet fuel prices; clears Rs 24,249 crore highway projects

Aviation Turbine Fuel prices will be capped by state-run oil companies. The government has approved a 10,000 crore support scheme. This aims to protect Indian airlines from higher global crude oil costs. Jet fuel prices are fixed at 115 per litre for airlines. This measure will help keep airfares affordable for passengers. The scheme will operate for 36 months.