Ajit Singh writes to Oil Ministry to declare jet fuel as ‘notified good’

New Delhi: Minister for Civil Aviation Ajit Singh said he had written to the Oil Ministry on declaring aviation turbine fuel (ATF) as a notified product.
Speaking to the media on the sidelines of a conference, the Minister said that his Ministry was constantly in touch with State Chief Ministers and with the Finance Minister.
Declaring ATF as a “notified good” will decrease the burden of fuel cost on airlines. At the moment, due to various factors, including States levying a sales tax of between 4 and over 30 per cent, ATF accounts for over 40 per cent of airlines’ expense.
Recently, airlines raised domestic fares citing high ATF prices.
The Minister said no fresh note was being moved by the Government on allowing foreign direct investment in domestic aviation. He added that Trinamool Congress leader Mamata Banerjee, an UPA ally, had neither said “No or yes on the issue.”
10/09/12 Business Line

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Categories: Indian Aviation- In General Sep 2012