NEW DELHI, Nov 29 (Reuters) - India's civil aviation
ministry will try to convince the country's petroleum ministry
next week to declare jet fuel as a "notified good," which would
lead to exemption from high state taxes, providing some relief
to battered local carriers.
Jet fuel makes up about half of an airline's costs.
Civil aviation minister Ajit Singh will meet petroleum
minister M. Veerappa Moily early next week to discuss the
matter, the former told reporters on Thursday.
State taxes of as much as 30 percent make jet fuel more than
50 percent expensive in India compared with the global average,
and global airlines have often criticized such high taxation.
(Reporting by Anurag Kotoky; Editing by Prateek Chatterjee)