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IOC hiked jet fuel prices by nine percent to over Rs 39,000 per kilolitre following a spurt in international oil rates.
Kingfisher still ows 900 cr to oil companies ( http://www.business-standard.com/india/news/kingfisher-airlines-owes-rs-... ) .
With OIL hitting $80, airlines will need to comeout with better plan as OIL stays above critical mark of $75.
I won't bet on any Airline stock at these levels and look for better options elsewhere.