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Airlines gain after IOC cuts jet fuel price

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Reuters

Jet Airways (India) gains 3.3 percent, SpiceJet up 3.9 percent.

Indian Oil Corp cuts jet fuel price by an average of nearly 3 percent across cities in India. (bit.ly/1yyCDkO)

Jet fuel traditionally marks nearly a third of an airline's operational cost.

(Reporting by Abhishek Vishnoi)

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First Published: Oct 01 2014 | 10:12 AM IST

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