Diabytes
ATF price cut News
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This new price cut is likely to bring some relief to airlines, which depend heavily on ATF for their flights.
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Jet fuel price Tuesday was cut by a record 14.7 percent on the back of decline in international rates, making it cheaper than both petrol and diesel.
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The price of subsidised cooking gas (LPG) was Thursday hiked by Rs 2.07 per cylinder, the seventh increase in rates in 6 months, while that of jet fuel was cut by 3.7 percent in step with global trends.
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Shares of Spicejet and Jet Airways rose by up to 7 percent today after jet fuel (ATF) price was cut by a steep 11.3 percent.
Jet fuel (ATF) price was on Thursday cut by a steep 12.5 percent and non-subsidised domestic cooking gas (LPG) by Rs 43.50 per cylinder as international oil prices slumped to five-year lows.
Shares of airline operators like SpiceJet and Jet Airways gained as much as six percent in morning trade Wednesday after prices of jet fuel (ATF) were cut by a steep three percent.
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