Indian Oil raises jet fuel prices by 2.9% from today

Indian 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.

Add Zee Business as a Preferred Source

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.