ATF prices rise 10% as oil cos roll out fixed pricing

Aviation turbine fuel (ATF) prices were raised by around 10% on Tuesday as state-owned fuel retailers rolled out a price stabilisation regime, offering domestic airlines a fixed fuel rate for up to three years in a move aimed at shielding carriers and passengers from sharp swings in global oil prices.

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Jet fuel for domestic airlines will now cost ₹115 per litre, up from ₹104.927, industry sources said. The new rate will be locked in for up to three years for airlines that opt to participate in the government-backed price stabilisation