New Delhi: The civil aviation ministry will try to convince the country's petroleum ministry next week to declare jet fuel as a "notified good," which would lead to exemption from high state taxes, providing some relief to battered local carriers.
Jet fuel makes up about half of an airline's costs. Civil aviation minister Ajit Singh will meet petroleum minister M Veerappa Moily early next week to discuss the matter, the former told reporters on Thursday.
State taxes of as much as 30 per cent make jet fuel more than 50 per cent expensive in India compared with the global average, and global airlines have often criticized such high taxation.
Civil aviation minister Ajit Singh will meet petroleum minister M Veerappa Moily early next week to discuss the matter.
(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)
Gurunath Meiyappan arrested by Mumbai Police after questioning
Chennai Super Kings should be scrapped immediately: Lalit Modi
I'm not resigning, says BCCI chief N Srinivasan
We have found Meiyappan's involvement in the offence: Police
Chaudhary Ajit Singh is an Indian politician and a prominent Jat leader from Western Uttar Pradesh. He was appointed as civil aviation minister of India on 18 December 2011, soon after his party RLD, with five members in the Lok Sabha, formall ...
IPL: Meiyappan arrested, Srinivasan says won't resign
I'm not resigning, says BCCI chief N Srinivasan
Mumbai Indians edge Rajasthan Royals to reach IPL 6 final
'Ishkq in Paris': It is a misguided, overwrought affair
