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Business News » World News

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

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Updated: Wed, Oct 10, 2018
09:00 pm
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". https://reut.rs/2CzJeDG

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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