October 10, 2018 / 3:04 PM / 8 months ago

India cuts jet fuel tax to 11 percent from 14 percent 'in public interest'

An aircraft is silhouetted by the sun in New Delhi June 13, 2011. REUTERS/B Mathur/Files

NEW DELHI (Reuters) - India said on Wednesday it would cut the factory gate tax on jet fuel to 11 percent from 14 percent, a move that would bring down fuel prices for the country’s ailing aviation industry.

The new reduced tax will be effective from Thursday, the government order said, adding that it was “satisfied that it is

necessary in the public interest". reut.rs/2CzJeDG

Reporting by Sudarshan Varadhan; Editing by Alexander Smith

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