India, June 3 -- The government has approved Rs.10,000-crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund amid rise in prices due to West Asia conflict, I&B minister Ashwini Vaishnaw said on Wednesday while announcing a list of Cabinet decisions.

ATF prices have risen 2.5 times, increasing from Rs.60 per litre in March to Rs.142 per litre in May 2026.

"West Asia crisis has caused a major issue. To ensure that it does not impact our domestic passengers, the Government capped ATF prices at Rs.75.6 per litre for domestic operations. It stabilised domestic operations. But as the crisis continued, it had a negative impact on oil marketing companies. To ensure a win-win-win solution, win for the airlines, win for the OMC [oil making c...