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US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs
Amid the prolonged Middle East conflict, the government has approved an Aviation Turbine Fuel (ATF) Price Stabilisation Fund to safeguard problems being faced by airlines, oil marketing companies and fliers. This will be a self sustaining revolving fund. The Union Cabinet on Wednesday approved the fund of Rs 10,000 crore support package to protect airlines from the sharp surge in aviation fuel prices triggered by the ongoing turmoil in West Asia.
ATF price stabilisation plan: Jet fuel prices rise 10% as oil retailers roll out scheme
Aviation turbine fuel (ATF) prices for domestic airlines rose by around 10 per cent on Tuesday as state-owned oil marketing companies rolled out a government-backed price stabilisation scheme that will allow carriers to lock in fuel rates for up to three years. Under the new regime, airlines opting into the scheme will pay a fixed ATF price of about Rs 115 per litre, compared with the previous rate of Rs 104.93 per litre. The move is aimed at shielding carriers from sharp swings in global...
Air fares may go up as oil marketing companies hike ATF prices by 10%
Flying is set to get more expensive, with oil marketing companies Tuesday increasing aviation turbine fuel (ATF) prices by 10% under the new price-stabilisation regime. ATF prices will remain frozen at this level for three years under the new regime. Jet fuel for domestic carriers will now cost Rs 115 per litre, up from Rs 105 per litre.
Middle East crisis: IndiGo grounds flights to six overseas destinations amid cost pressures
India’s largest airline IndiGo on Thursday announced the temporary suspension of flights to six international destinations, including Hong Kong, Shanghai and Thailand’s Krabi, as it moves to optimise its network amid softer travel demand and rising operating costs. The budget carrier said services to Langkawi, Krabi, Ho Chi Minh City, Hong Kong and Shanghai will be suspended from July 1, while flights to Siem Reap will be halted from July 3. The suspension will remain in place until...
‘How to have financially strong airlines,’ India finally begins to figure out
The ongoing West Asia crisis could pave the way for long-awaited reforms for India to have financially viable airlines and a sustainable aviation sector. The Union aviation ministry has “initiated a study on financially stressed airlines in India to assess structural challenges and identify measures to improve sector resilience.” It has asked airlines and other stakeholders to suggest reforms in policy, regulatory affairs, operations, contracts, procurement-related and other areas; the...
Stuck on oil: Can Hawaii power itself?
Stuck on oil: Can Hawaii power itself? June 4, 2026A chain of islands in the middle of the Pacific Ocean without domestic oil or gas reserves, the 50th US state has long relied on imported fossil fuels to power its economy. Foreign petroluem fuels much of the energy grid, and the sea and air transport that Hawaii relies on to move people and goods — and to deliver the near 10 million annual tourists to its shores.
Can Hawaii wean itself of oil imports?
Can Hawaii wean itself of oil imports? June 4, 2026A chain of islands in the middle of the Pacific Ocean without domestic oil or gas reserves, the 50th US state has long relied on imported fossil fuels to power its economy. Foreign petroleum fuels much of the energy grid, and the sea and air transport that Hawaii relies on to move people and goods — and to deliver the near 10 million annual tourists to its shores.
Can Hawaii wean itself off oil imports?
Can Hawaii wean itself off oil imports? June 4, 2026A chain of islands in the middle of the Pacific Ocean without domestic oil or gas reserves, the 50th US state has long relied on imported fossil fuels to power its economy. Foreign petroleum fuels much of the energy grid, and the sea and air transport that Hawaii relies on to move people and goods — and to deliver the near 10 million annual tourists to its shores.