New Delhi: The Indian Oil Corporation (IOC) has postponed the decision to stop fuel supply to Air India, which is facing a shortage of funds. In this context, an official says that Air India has promised to pay on time. Hence the decision to stop fuel supply has been postponed for the time being.
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Indian Oil director (finance) Sandeep Kumar Gupta said that Air India had promised to pay Rs 100 crore per month to the three oil companies, first in June and then in September, for aviation turbine fuel (ATF) Old dues may be paid. Last week, government oil companies issued a final warning to Air India asking them to make monthly lump-sum payments by October 18. He had said that he would stop fuel supply at six major domestic airports if he did not pay. But the company could not do so.
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In August, Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) stated that Air India's outstanding fuel bill had reached Rs 5,000 crore, which had not been paid for nearly eight months. went.
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