ATF price slashed by 9.5%; aviation stocks may fly on Mon

With the latest price cut, jet fuel prices have fallen about 40 percent from a peak of around Rs 80,000 last year, thanks to the meltdown in international crude oil prices.

August 01, 2015 / 01:19 PM IST

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In what will come as a huge boost for the country's aviation carriers, Indian Oil Corporation today said it had cut aviation turbine fuel (ATF) price by a massive 9.5 percent, or Rs 4,860, to Rs 46,407/kiloLitre in Delhi, effective today.With the latest price cut, jet fuel prices have fallen about 40 percent from a peak of around Rs 80,000 last year, thanks to the meltdown in international crude oil prices.Today's move may give a fillip to aviation stocks on Monday, which have already recently seen some rally. A few days ago, SpiceJet showed it had successfully turned the corner from its near-collapse late last year by posting is highest-ever profit.

Tags: #aviation #Business #Crude oil #Indian Oil Corporation #Jet fuel

first published: Aug 1, 2015 01:12 pm

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ATF price slashed by 9.5%; aviation stocks may fly on Mon

With the latest price cut, jet fuel prices have fallen about 40 percent from a peak of around Rs 80,000 last year, thanks to the meltdown in international crude oil prices.