Govt formally allows carriers to import jet fuel

NEW DELHI |
Wed Feb 22, 2012 6:34pm IST

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)

Article source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/jA1Jt1kTPj4/india-airlines-fuel-idINDEE81L0DE20120222

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