New Delhi: Indian Oil Corporation Ltd (IOC) Chairman Sanjiv Singh on Thursday confirmed that the company has resumed fuel supply to Air India at six airports. The company said it has done so keeping in mind that outstanding should not be mounted.
“Air India’s outstanding on Indian Oil Corporation Ltd (IOC) is Rs 2,640 crores. The IOC has resumed fuel supply to Air India at six airports. We had started fuel supply keeping in mind that outstanding should not be mounted,” IOC Chairman Sanjiv Singh said.
The development comes days after the IOC issued a warning to Air India, asking it to clear the payments by October 18 or they will stop the fuel supply at six major domestic airports of the country.
In a letter to Air India on October 11, the three oil PSUs – Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) – stated that the outstanding has not come down considerably in the absence of the committed monthly lump sum payment”.
Prior to this, these three fuel suppliers in August this year had stated that the Air India owed Rs 5,000 crore fuel bills and alleged that the payment has been delayed by almost eight months.
31/10/19 India.com
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“Air India’s outstanding on Indian Oil Corporation Ltd (IOC) is Rs 2,640 crores. The IOC has resumed fuel supply to Air India at six airports. We had started fuel supply keeping in mind that outstanding should not be mounted,” IOC Chairman Sanjiv Singh said.
The development comes days after the IOC issued a warning to Air India, asking it to clear the payments by October 18 or they will stop the fuel supply at six major domestic airports of the country.
In a letter to Air India on October 11, the three oil PSUs – Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) – stated that the outstanding has not come down considerably in the absence of the committed monthly lump sum payment”.
Prior to this, these three fuel suppliers in August this year had stated that the Air India owed Rs 5,000 crore fuel bills and alleged that the payment has been delayed by almost eight months.
31/10/19 India.com
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