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ATF import duty: Airlines see stock slide but unlikely to take a major hit

A finance ministry source said taxing imported fuel is unlikely to increase prices and only two Indian airlines currently import some jet fuel

Topics
Airlines  |  Indigo  |  Jet Fuel

Reuters  |  New Delhi 

Indian carriers are unlikely to face a significant hit from the government's decision this week to impose a tariff on jet fuel, as imports account for less than 5 per cent of domestic jet fuel consumption. Government data reviewed by Reuters showed India's annual jet fuel consumption in the fiscal year ended March 31, 2018 was 7.6 million tonnes, while imports in that period were just 291,000 tonnes. "Airlines import insignificant volumes," said Kapil Kaul, CEO and director for South Asia at aviation consultancy CAPA. India said on Wednesday it is raising ...

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First Published: Thu, September 27 2018. 16:07 IST
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