Delhi and Mumbai Slash Jet Fuel Taxes: A Critical Lifeline for India’s Aviation Sector
The Crisis: Why the Tax Cut Was Necessary The Indian aviation sector has been under immense strain as fuel costs, which typically constitute 30–40% of operating expenses, surged to between 55% and 60%. The Tax Revisions To stabilize the sector, both state governments have moved to normalize fuel taxation at their primary hubs: State Previous…