Aviation stocks trade mixed; ATF price cut ~11%

Indian oil-marketing companies, on Saturday, reduced the prices of aviation turbine fuel or jet fuel by ~11% in New Delhi, as per media reports.

Dec 03, 2018 06:12 IST India Infoline News Service

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Shares of aviation companies were trading on a mixed note on Monday after a rate cut in the prices of aviation turbine fuel (ATF) or jet fuel. Shares of Jet Airways rose ~1%, while SpiceJet and IndiGo were trading in the negative zone.

Indian oil-marketing companies (OMCs) had, on Saturday, reduced the prices of ATF by ~11% in New Delhi, as per media reports. Accordingly, ATF prices have been cut by Rs8,327.83 in Delhi and the fuel now sells at Rs68,050.97 per kilolitre.

Jet fuel per kilolitre now costs Rs73,393.55 in Kolkata, Rs67,979.58 in Mumbai, and Rs69,216.61 in Chennai. The price varies with different airports depending on local taxes.

Meanwhile, prices of petrol and diesel were cut for the 12th straight day on the back of a recent fall in international crude oil prices and the rupee's appreciation against the US dollar.

Jet Airways (India) Ltd share price is currently at Rs307.75, up Rs1.95, or 0.64%, from its previous close of Rs305.80 on the BSE.

Interglobe Aviation Ltd share price is currently at Rs994, down Rs43.8, or 4.22%, from its previous close of Rs1,037.80 on the BSE.

SpiceJet Ltd share price is currently at Rs81.15, down Rs0.35, or 0.43%, from its previous close of Rs81.50 on the BSE.

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