In 2017-18, India produced 14.6 million tonnes of jet fuel, about half of which was exported. New Delhi: The total burden on account of Wednesday’s imposition of a 5% customs duty on jet fuel could be around ₹55 crore that will have little impact on airline costs, according to a finance ministry official, who spoke on condition of anonymity. In 2017-18, India produced 14.6 million tonnes of jet fuel, about half of which was exported. Imports stood at 291,000 tonnes, a fraction of total domestic jet fuel production capacity. ALSO READ: Import duty hikes—much ado about nothing“Total usage of ATF is around ₹30,000 crore.

Source: Mint September 27, 2018 15:00 UTC