Indian Oil Corporation threatens to cut fuel supply to Air India

MUMBAI: State-owned Air India’s flights services are likely to be hit partially as public sector oil marketing firm Indian Oil CorporationNSE 1.17 % has threatened to cut fuel supply at some of the airports from Tuesday evening on non-payment of bills, according to a source. The disinvestment-bound carrier, which is incurring Rs 15 crore loss per day, has huge dues towards oil companies and Airports Authority of India, among others.

“Indian Oil Corporation has threatened to stop fuel supply at certain airports such as Patna, Pune, Chandigarh, Cochin, Visakhapatnam and Ranchi for non payment of dues from 4 pm Tuesday,” the source said.