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Jet Airways (India)(JET.NS) gains 3.3 percent, SpiceJet (SPJT.BO) up 3.9 percent.
Indian Oil Corp (IOC.NS) 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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