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IOC forced to stop fuel supply to Air India at six airports

26 Aug 2019

Indian Oil Corporation (IOC) has been constrained to suspend supply of jet fuel to Air India and Alliance Air flights at six airports from the evening of August 22, 2019 due to mounting outstanding dues from the airline and their ramifications for their working capital requirements.

The decision to stop fuel supply to Air India from six airports, i.e., Kochi, Mohali, Pune, Ranchi, Patna and Visakhapatnam, was taken in the wake of long overdue payments. This includes the interest accrued on the outstanding dues.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

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