Domestic airline industry calls for rationalisation of ATF taxes
India’s domestic airlines have called for rationalisation of taxes on jet fuel to counter the massive rise in fuel prices.
On Wednesday, high crude oil prices led OMCs to hike ATF prices to more than Rs 1 lakh per kilolitre. In the national capital, the price of jet fuel was raised by 18.32 per cent to Rs 1,10,666.29 per kilolitre (kl) from Rs 93,530.66 per kl.
In the other metro cities of Kolkata, Mumbai and Chennai, the price was increased to Rs 1,14,979.70, Rs 1,09,119.83 and Rs 1,14,133.73 per kl, respectively.
The rise came as crude oil price has remained on elevated levels due to the Russia-Ukraine crisis. Fuel retailers revise jet fuel prices on a fortnightly basis.
