Lackluster Response to Jet Fuel Price Stabilization Scheme
New Delhi: There has been a poor response to the Centre's ₹10,000 crore jet fuel price stabilization scheme, which was announced to alleviate the burden of jet fuel (ATF) costs on airlines amidst soaring crude oil prices in the international market due to the West Asia crisis. It is reported that not a single airline has signed an agreement to join the scheme so far. Opinions suggest that the decline in crude oil prices in the international market could be the reason for this.
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