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VERIFIEDMint Industry·negative
Jet fuel shock: Govt explores price stabilisation fund relief for airlines as ATF prices climb
AI Summary
- ·The Indian government is considering reviving a jet fuel price stabilisation fund due to rising Aviation Turbine Fuel (ATF) prices.
- ·ATF accounts for 40% of airline operational expenses.
- ·IndiGo has increased its fuel surcharge in response to escalating costs.