US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs
The Indian government has approved a Rs 10,000 crore Price Stabilization Fund for oil marketing companies (OMCs). This fund aims to stabilize the prices of aviation turbine fuel (ATF) amid rising costs. The initiative is part of broader efforts to support the aviation sector and ensure its sustainability.
- ▪The Price Stabilization Fund is set at Rs 10,000 crore.
- ▪It is intended to help oil marketing companies manage ATF price fluctuations.
- ▪This move is part of the government's strategy to support the aviation industry.
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