Peru slashes tax on airplane fuel to make prices more competitve

Living in Peru
Israel Ruiz

In an effort to make prices more competitive in Peru, the Andean country’s Ministry of Economy and Finance has accepted to eliminate the selective consumption tax on fuel used by airplanes.

Authorities announced that the goal was to foster a more competitive environment among the airline companies in the country.

Furthermore, the Ministry of Transportation and Communications (MTC) affirmed that the measure would attract new airline companies to Peru.

Enrique Cornejo (above), head of the MTC, said that airline companies in the country had been requesting the elimination of this tax for some time and that its approval would make companies compete to offer better services.

He added that he was sure that this would also make airfares less expensive.

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