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Govt formally allows carriers to import jet fuel
A plane prepares to land at an airport in New Delhi June 4, 2008.
Credit: Reuters/Adnan Abidi/Files
NEW DELHI |
NEW DELHI (Reuters) - The government has formally allowed local airlines to import jet fuel directly, it said in a statement on Wednesday, in a major policy move expected to bring down costs for debt-laden carriers.
Jet fuel is more than 50 percent costlier in India, compared to the global average, mostly due to local taxes.
(Reporting by Anurag Kotoky; Editing by Harish Nambiar)
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