Aviation turbine fuel (ATF) prices were raised by around 10 per cent on Tuesday as state-owned oil marketing companies introduced a price stabilisation regime offering domestic airlines a fixed fuel rate for up to three years, in a move aimed at cushioning carriers and passengers from sharp swings in global oil prices. Jet fuel for domestic airlines will now cost Rs 115 per litre, up from Rs 104.927, industry sources told news agency PTI. Under the new framework, the rate will be locked in for up to three years for airlines that choose to opt into the government-backed price stabilisation scheme. Airlines that do not participate in the scheme will continue to pay market-linked prices, currently around Rs 142 per litre, similar to international carriers. Those opting in will receive ATF at Rs 115 per litre, insulating them from fluctuations in global benchmarks. However, while participating airlines will be protected from price spikes, they will also miss out on potential gains when global rates fall. Sources said the scheme is voluntary and airlines will have …