Airline shares fall on fuel price hike reports

 Airline stocks drop on media reports state-owned oil companies have raised aviation turbine fuel prices by about 1.7 percent on account of higher crude prices.

Jet Airways falls 2 percent, Kingfisher Airlines and SpiceJet decline 1 percent each.

Rising oil prices comes as bad news for airlines, which have been struggling under mounting debt and a weaker rupee that makes oil imports more expensive.