Jet Airways, SpiceJet And IndiGo Fall Up To 1% After IOC Hikes Jet Fuel Prices By 6%

Shares of Jet Airways, SpiceJet and InterGlobe Aviation were under pressure on Wednesday morning as investors were wary of hike in aviation fuel prices.

While Jet Airways fell 1 percent, SpiceJet and IndiGo declined between 1 and 1.5 percent, respectively.

Effective May 1, IOC has decided to hike jet fuel to Rs 65,340/KL, implying a hike of 6.5 percent against Rs 61,450/KL in the previous month.

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