OMCs warn Air India of stopping fuel supply at 2 more airports over unpaid bills
5 years, 4 months ago

OMCs warn Air India of stopping fuel supply at 2 more airports over unpaid bills

Live Mint  

Mumbai: Air India's flight services, including those for Haj, are likely to be hit partially following the threat by IOC-led oil marketing companies to suspend fuel supplies at two more airports — Hyderabad and Raipur — over non-payment of dues. State-owned oil marketing firms have already stopped supplying fuel to Air India flights in Pune, Vizag, Cochin, Patna, Ranchi and Mohali since 22 August. Though Air India is on cash-and-carry mode since April this year, and has been paying ₹18 crore per day towards daily jet fuel bills, the OMCs have sought clearance of all dues at the earliest. "The OMCs have asked Air India to make a lump sum payment towards outstanding amount, including interest at the earliest, saying if the carrier fails to do so, they will extend the suspension of fuel supplies to Hyderabad and Raipur airports as well from 6 September," a source privy to the development said. Also, since 1 April this year, Air India is making a payment of ₹18 crore per day for daily fuel intake."

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History of this topic

IOCL too to stop supply of fuels on credit to petroleum traders
2 years, 6 months ago

IOCL too to stop supply of fuels on credit to petroleum traders

Deccan Chronicle  

Vijayawada: The state-owned oil marketing company IOCL will stop supply of fuels on credit basis to traders/petrol pumps, just as the BPCL and HPCL have already done. Petroleum traders supply fuel to bulk consumers too on credit basis and get payment from them at intervals. For instance, a petroleum trader having a 29,000-litre capacity fuel tank has to pay nearly …

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise
5 years, 3 months ago

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise

Firstpost  

State-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered New Delhi: State-owned oil companies on Tuesday accused Air India of not honouring …

Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations
5 years, 3 months ago

Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations

Firstpost  

Late August, IOCL, BPCL, HPCL had stopped fuel supplies to Air India at 6 airports of Kochi, Mohali, Pune, Patna, Ranchi and Vizag over payment defaults Mumbai: State-owned Air India on Sunday said the aviation jet fuel payment issues are being sorted out and will be resolved soon with the oil PSUs, which have warned the carrier of snapping supplies …

Pay monthly, or will cut fuel supply at 6 airports from Oct 18: Oil companies to Air India
5 years, 3 months ago

Pay monthly, or will cut fuel supply at 6 airports from Oct 18: Oil companies to Air India

India TV News  

Issuing an ultimatum to Air India, PSU oil majors on Thursday asked it to make the monthly lump sum payment by October 18 or they will stop the fuel supply at six major airports, according to an official document. In a letter sent to Air India, the three oil PSUs -- Indian Oil Corporation Ltd, Bharat Petroleum Corp Ltd and …

Oil companies resume fuel supply to Air India at 6 airports
5 years, 4 months ago

Oil companies resume fuel supply to Air India at 6 airports

India TV News  

PSU oil companies on Saturday resumed jet fuel supplies to cash-strapped Air India following talks mediated by the government, an official spokesperson said. Declining to give details of the agreement reached at talks earlier this week, the spokesperson said Air India has agreed to payment terms for future ATF purchases. Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum …

Air India faces fuel supply cut, flights to get hit this week
5 years, 4 months ago

Air India faces fuel supply cut, flights to get hit this week

India TV News  

Air India might end up cancelling several flights after September 6 as the state-owned fuel retailers have threatened to cut off supplies to the cash-strapped national carrier at Hyderabad and Raipur. Last week, state-owned oil marketing companies, led by IndianOil, had stopped fuel supply to Air India at six -- Ranchi, Mohali, Patna, Vizag, Pune and Cochin -- airports over …

Air India owes Rs 4,500 crore in fuel dues; hasn't paid in 200 days: Oil companies
5 years, 4 months ago

Air India owes Rs 4,500 crore in fuel dues; hasn't paid in 200 days: Oil companies

India TV News  

Senior officials on Friday said that Air India owes Rs 4,500 crore to three state-owned oil firms in unpaid fuel bills with payments being delayed by almost seven months. But Air India had not been making payments and the credit period was now over 200 days," News Agency PTI quoted a senior official at one of the three state-owned oil …

Fuel supply to Air India stopped at six airports after it fails to pay dues
5 years, 4 months ago

Fuel supply to Air India stopped at six airports after it fails to pay dues

India TV News  

In a major development, fuel supply to national carrier Air India was stopped at 6 airports Thursday. Earlier in July, Air India had reported a 35 per cent slump in net profit at Rs 169 crore in the year ended March 2019, mainly on account of higher costs, even as it remained profitable for the fourth straight year. The low-cost …

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