Aviation stocks took a beating on Tuesday after the oil marketing firms hiked ATF prices by more than 12 per cent on the back of rising international oil prices.
Indian Oil, Bharat Petroleum and Hindustan Petroleum raised aviation turbine fuel price by Rs 3,949 to Rs 36,252 per kilolitre in Delhi effective Monday midnight. Meanwhile, in Mumbai, the rate will go up from Rs 33,260.8 per kilolitre to Rs 37,367 per kilolitre.
Jet fuel in Kolkata will cost Rs 44,289 per kilolitre from Rs 40,230.05 per kilolitre, while in Chennai the price has been raised to Rs 40,024 per kilolitre from Rs 35,821.34 per kilolitre.
At 10:15 am, Kingfisher Airlines shed 5.15 per cent to Rs 55.20, Jet Airways lost 4.2 per cent to Rs 266 and Spicejet skid 5.71 per cent to Rs 19 on the BSE.
Indian Oil, Bharat Petroleum and Hindustan Petroleum raised aviation turbine fuel price by Rs 3,949 to Rs 36,252 per kilolitre in Delhi effective Monday midnight. Meanwhile, in Mumbai, the rate will go up from Rs 33,260.8 per kilolitre to Rs 37,367 per kilolitre.
Jet fuel in Kolkata will cost Rs 44,289 per kilolitre from Rs 40,230.05 per kilolitre, while in Chennai the price has been raised to Rs 40,024 per kilolitre from Rs 35,821.34 per kilolitre.
At 10:15 am, Kingfisher Airlines shed 5.15 per cent to Rs 55.20, Jet Airways lost 4.2 per cent to Rs 266 and Spicejet skid 5.71 per cent to Rs 19 on the BSE.
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