October 10, 2018 / 4:31 PM / 14 days ago

India cuts tax jet fuel tax to 11 from 14 percent 'in public interest'

NEW DELHI (Reuters) - India said on Wednesday it would cut the factory gate tax on jet fuel to 11 percent from 14 percent, a move that would bring down fuel prices for the country’s ailing aviation industry.

The new reduced tax will be effective from Thursday, the government order here said, adding that it was "satisfied that it is necessary in the public interest".

Reporting by Sudarshan Varadhan; Editing by Alexander Smith

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