India Allocates $1 Billion to Cap Jet Fuel at 75.6 Rupees a Liter
Updated
Updated · Bloomberg · Jun 3
India Allocates $1 Billion to Cap Jet Fuel at 75.6 Rupees a Liter
3 articles · Updated · Bloomberg · Jun 3
Summary
100 billion rupees ($1 billion) will go to oil retailers so domestic airlines can buy jet fuel at a capped 75.6 rupees per liter.
That ceiling sits well below the 104.9 rupees per liter currently charged at New Delhi airport, giving carriers immediate relief from rising fuel costs.
The subsidy is designed to shield airlines without forcing refiners to absorb the full hit from the lower mandated price.
The move underscores New Delhi's effort to contain cost pressure in the aviation sector by intervening directly in fuel pricing.