Snapping ATF supplies to Air India: IOC says doesn’t have cash-surplus

MUMBAI : Indian Oil chairman on Wednesday defended cutting jet fuel supplies to the flag carrier Air India at six airports over non-payment saying that the national oil refiner is not a cash-surplus company.

Last week, Indian Oil Corporation, along with Bharat Petroleum and Hindustan Petroleum, had stopped jet fuel supplies to Air India at six airports–Kochi, Pune, Patna, Ranchi, Vizag and Mohali–over payment defaults, which amounted to around ₹4,500 crore and pending since the past 240 days.

The supplies are yet to be resumed even after a week.