Recently, the Union Cabinet of India approved a ₹10,000-crore (approximately $1.2 billion USD) price stabilisation fund specifically for aviation turbine fuel. This fund will establish a fixed price of ₹115 per litre for aviation fuel used in both domestic and international flights. The government has stated that this initiative is designed to reduce the volatility of airfares, which have been subject to significant fluctuations due to changing fuel prices. The implementation of this fund is expected to provide much-needed financial support to airlines, allowing them to better manage operational costs and stabilize ticket prices for consumers. This decision reflects the government's ongoing commitment to support the aviation sector, particularly in the aftermath of challenges posed by the COVID-19 pandemic, and aims to foster a more predictable pricing environment for air travel.