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HomeBusinessJet Airways, SpiceJet gain on hopes of cut in Jet Fuel prices

Jet Airways, SpiceJet gain on hopes of cut in Jet Fuel prices

Jet Airways Ltd was up 4.7 per cent and SpiceJet Ltd gained 0.9 per cent on Thursday.

Traders said state-run oil marketing companies could slash jet fuel prices next month amid declining crude oil prices.

Oil prices fell to four-year lows as OPEC production cut looks unlikely.

Fuel charges contribute to nearly one-third of an airline’s operational expenses, analysts said.

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