Indian Oil raises jet fuel prices by 2.9% from today
Shares of aviation companies tumbled after the announcement. Image Source: Pixabay
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Good news for aviation companies! ATF price cut by 2.7% on falling global ratesIndian Oil on Wednesday announced a 2.9% hike in jet fuel prices in Delhi to Rs 54,079.63 per kilo litre.
The company said the hike in price would be effective from today onwards.
Shares of aviation companies tumbled after the announcement.
IndiGo shares plummeted 5.65%, while Jet Airways and Spicejet fell 2.69% and 1.54% respectively on BSE Sensex at 0945 hours.
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