{"id":446624,"date":"2021-11-01T10:27:00","date_gmt":"2021-11-01T04:57:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=446624"},"modified":"2021-11-01T10:27:00","modified_gmt":"2021-11-01T04:57:00","slug":"air-indias-rs-5000-crore-unpaid-fuel-bills-weigh-on-oil-companies-amid-flaring-crude","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-indias-rs-5000-crore-unpaid-fuel-bills-weigh-on-oil-companies-amid-flaring-crude\/","title":{"rendered":"Air India&#8217;s Rs 5,000 crore unpaid fuel bills weigh on oil companies amid flaring crude"},"content":{"rendered":"<p>NEW DELHI: Air India\u2019s unpaid fuel bills of about Rs 5,000 crore is weighing on fuel retailers who need extra cash for buying more dollars to pay for costlier crude at a time when demand is picking up.<br \/>\nIndustry executives said they were yet to hear from the government on the timeline for payment, though the Centre has said it would take over the carrier\u2019s total dues of nearly Rs 16,000 crore and non-core assets through a holding company before the Tatas take over.<br \/>\nIndianOil alone accounts for Rs 3,000 crore, or 60%, of Air India\u2019s unpaid fuel bills. Other fuel suppliers together account for the remaining Rs 2,000 crore dues, according to industry estimates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Air India\u2019s unpaid fuel bills of about Rs 5,000 crore is weighing on fuel retailers who need extra cash for buying more dollars to pay for costlier crude at a time when demand is picking up. Industry executives said they were yet to hear from the government on the timeline for payment, though the Centre has said it would take over the carrier\u2019s total dues of nearly Rs 16,000 crore and non-core assets through a holding company before the Tatas take over. IndianOil alone accounts for Rs 3,000 crore, or 60%, of Air India\u2019s unpaid fuel bills. Other [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-446624","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=446624"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446624\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=446624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=446624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=446624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}