New Delhi, July 3 -- Indian airlines are likely to avoid seeking support under the government's recently approved ATF Price Stabilisation Fund as global jet fuel prices have eased this week from the sharp spike witnessed in March, according to sources.

The development comes weeks after the Union Cabinet, chaired by Prime Minister Narendra Modi on June 3rd approved a one-time budgetary support of up to Rs 10,000 crore for Oil Marketing Companies (OMCs) to provide Aviation Turbine Fuel (ATF) price stabilisation support to scheduled Indian airlines for both domestic and international operations.

The global average jet fuel price had surged to USD 195.19 per barrel in the March end, from USD 99.40 per barrel at the end of February due to te...