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Air India promises to clear Rs 5,000-crore due, oil companies hold decision to stop fuel

Three state-owned companies had threatened to stop aviation turbine fuel supplies to six major airports over payment delays by Air India.

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New Delhi: State-owned fuel retailers on Friday decided to defer their decision to suspend jet fuel supplies to Air India after the national carrier promised to make regular payments to clear outstanding dues, officials said.

The three state-owned oil companies – Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) – had earlier this month threatened to snap aviation turbine fuel (ATF) supplies to Air India at six major airports over payment delays.

Officials said the decision to defer the move follows Air India making a written request for the same as also promising to make regular payments to clear over Rs 5,000 crore in overdue fuel bills.


Also read: Air India owes oil companies Rs 5,000 crore for its fuel bills, say officials


 

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