McqMate
| Q. |
On the administered price of which of the following articles no subsidy is given? |
| A. | DAP |
| B. | ATF |
| C. | LPG |
| D. | Kerosene oil |
| Answer» B. ATF | |
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Explanation: In India, no subsidy is given to Aviation Turbine Fuel (ATF). Indian Oil Aviation Service is a leading aviation fuel solution provider in India and the most-preferred supplier of jet fuel to major international and domestic airlines. Jet fuel is a colorless, combustible, straight-run petroleum distillate liquid. The highly punitive fiscal regime in India is the primary problem for the aviation sector. The cost of Aviation Turbine Fuel in India is almost 60% higher than international benchmarks. Combined with a high base price, fuel now represents 45-55% of a carrier's operating costs. |
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