ATF import duty: Airlines see stock slide but unlikely to take a major hit

Indian carriers are unlikely to face a significant hit from the government's decision this week to impose a tariff on jet fuel, as imports account for less than 5 per cent of domestic jet fuel consumption. Government data reviewed by Reuters showed India's annual jet fuel consumption in the fiscal year ended March 31, 2018 was 7.

6 million tonnes, while imports in that period were just 291,000 tonnes. "Airlines import insignificant volumes," said Kapil Kaul, CEO and director for South Asia at aviation consultancy.

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