Cabinet Greenlights ₹10,000 Crore ATF Price Stabilisation Fund for Airlines
The ₹10,000 crore budgetary package will be routed through Oil Marketing Companies (OMCs) to stabilize Aviation Turbine Fuel (ATF) pricing.
Structured as a self-sustaining revolving fund, the relief mechanism will span a total duration of 36 months.
To utilize this support, domestic and international airlines operating in India must formalize agreements with OMCs and procure fuel exclusively through them.
From an economic standpoint, this structural intervention helps prevent a cascading rise in airfares and shields consumer interests while ensuring the commercial viability of the aviation sector.
Key Facts / Static GK
Revolving Fund: A fund where spent money is replenished upon recovery, reducing continuous government funding dependency
Practice Quiz — 4 June 2026
Q1. Which collaborative initiative developed the newly launched AI-enabled voice chatbot 'SAMADHAN DIDI' for the CPGRAMS portal?
Q2. Consider the following statements regarding the newly approved Aviation Turbine Fuel (ATF) Price Stabilisation Fund: 1. The Cabinet approved a one-time support of ₹10,000 crore. 2. The scheme runs for a duration of 36 months as a self-sustaining revolving fund. 3. Airlines can purchase fuel from any source without any mandatory agreements. Which of the statements given above are correct?
Q3. India recently received the fourth squadron of the S-400 Triumf Air Defence System. What is the total number of squadrons contracted under the bilateral agreement signed in 2018?
Q4. The Indian Army recently tested 'Divyastra Mk-1' in Jodhpur, Rajasthan. What type of military technology is Divyastra Mk-1?
Q5. Which two organizations are jointly organizing the 'Niveshak Shivir' investor awareness and grievance redressal platform in Bhopal?
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.