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Airline stocks fly high on ATF excise duty cut

Press Trust of India  |  New Delhi 

stocks surged up to 7.4 per cent Thursday after the government cut duty on to 11 per cent to give relief to the aviation industry.

Shares of zoomed 7.44 per cent, soared 4.70 per cent and 4.69 per cent on BSE.

After petrol and diesel, the government Wednesday cut duty on to 11 per cent to give relief to the aviation industry that has been hit hard over recent weeks by rising fuel prices and plummeting rupee.

prices this month hit their highest level since January 2014 as rising international and plummeting rupee value pushed rates.

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

First Published: Thu, October 11 2018. 11:45 IST
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