India Establishes $1B Fuel Price Stabilization Fund

jets at mumbai airport
Credit: Rainer Krack/Alamy
India’s government has announced it will provide funding for oil companies to enable them to essentially cap jet fuel prices for local airlines. The Indian cabinet approved INR100 billion ($1 billion) for the price stabilization fund, which will compensate oil companies when jet fuel prices rise...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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