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Aviation stocks gain as government cuts excise on ATF

Capital Market 

Three stocks rose 2.27% to 4.5% at 10:14 IST on BSE after the government cut duty on turbine fuel or to 11% from 14%.

Interglobe (up 4.5%), (up 3.08%) and (India) (up 2.27%) edged higher.

The on being satisfied that it is necessary in the public interest announced cut in duty on aviation turbine fuel. The notification was issued by the government after market hours yesterday, 10 October 2018. The notification shall come into force with effect from today, 11 October 2018.

Meanwhile, the was down 879.53 points or 2.53% at 33,881.36.

constitutes about 40% of an airline's operating costs. Prices of are directly linked to

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 10:14 IST