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BPCL constrained to stop fuel supply to Air India at six airports

26 Aug 2019 Evaluate

Bharat Petroleum Corporation (BPCL) has been forced 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.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

Peers
Company Name CMP
Reliance Industries 1219.00
Indian Oil Corpn. 131.45
Bharat PetroleumCorp 300.00
HPCL 350.65
MRPL 174.60
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