Govt cuts jet fuel tax from 14% to 11% 'in public interest'
The government has slashed excise duty on jet fuel from 14% to 11%, a move aimed at giving relief to airlines. Adding that the reduced tax will be effective from Thursday, the government said it was "satisfied that it is necessary in the public interest". Excise duty on jet fuel was last increased in March 2014 from 8% to 14%.n