Aircraft fuel likely to be cheaper, big tax cuts from ‘this’ state | Airplane fuel may be cheaper Haryana announces huge reduction in VAT rates

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Cheap jet fuel

Navi Delhi: In the last few days, there has been a huge increase in the price of fuel used for aircraft along with petrol-diesel. However, now the Haryana government has decided to slash the tax on aviation fuel. So jet fuel is likely to be cheaper here.

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A heli-hub will be set up at Gurugram in Haryana. It is said that the state government has taken this step in that regard. The Haryana government has decided to increase the VAT rate on air turbine fuel from 20 per cent to 1 per cent. This will lead to a big reduction in the price of jet fuel.

Haryana Chief Minister Manohar Lal Khattar on Wednesday called on Union Civil Aviation Minister Jyotiraditya M. He gave this information after a meeting with Scindia. The meeting discussed various important civil aviation projects in the state of Haryana. Haryana Deputy Chief Minister Dushyant Chautala attended the meeting through video conferencing. Healy Hub in Haryana is targeted to be set up by 2023. Karnal and Ambala airstrip will also be developed. With the establishment of Heli-Hub in Gurugram, facilities of Intercity and Intercity helicopters will be started.

Big increase in jet fuel prices

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Vision Turbine Fuel (ATF) rates have risen sharply since October 1. State-owned oil companies had hiked ATF rates by Rs 3,972.94 per kiloliter. So now the price of jet fuel is Rs 72,582.16 per kiloliter. As a result, airlines are likely to increase ticket prices in the near future.

Internationally, the exchange rate of rupee and dollar determines the price of jet fuel. According to Indian Oil’s website, the price of ATF in Delhi has gone up to Rs 72,582.16 per kl. At the same time, it costs Rs 76,590.86 in Kolkata, Rs 70,880.33 in Mumbai and Rs 74,562.59 per kiloliter for jet fuel in Chennai.

Will all petrol-diesel price records be broken by Dussehra?

Crude oil prices are rising as international crude oil supply falls short of demand. Crude oil prices have been on an upward trend for the past three weeks. Brent crude is trading near 80 a barrel. In the next few days, the price of petrol in the domestic market may rise sharply. In many cities it can reach up to Rs. Ordinary citizens can be affected. By Dussehra, petrol and diesel prices will hit new highs, experts say. In reality, ordinary citizens will have to bear the brunt of this.

Other news:

Crude oil prices hit three-year high

This thing is likely to become more expensive till Dussehra and Diwali; After petrol and diesel, another blow to ‘Common Man’

Why is petrol-diesel still expensive in India despite falling crude oil prices?

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