India approves $1.05 billion fund to offset rising airline fuel costs

India on Wednesday approved a fuel stabilization package worth Rs 100 billion ($1.05 billion) aimed at helping airlines cope with soaring jet fuel prices linked to disruptions caused by the ongoing Iran conflict. The Indian government said the financial support would be extended as interest-free advances to state-run oil marketing companies, enabling them to absorb … The post India approves $1.05 billion fund to offset rising airline fuel costs appeared first on Times Kuwait .

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