Oil companies say Air India not paying Rs 100 crore a month, threaten to snap supply
NEW DELHI: State-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered. “Air India had back in June […]
Narendra Modi to skip oil CEO meet over scheduling issues
NEW DELHI: Prime Minister Narendra Modi is believed to have cancelled a brainstorming meeting with global oil and gas experts and CEOs, which was slated for October 14, over scheduling issues, sources said. The fourth annual meeting that coincides with the CERAWeek – the world’s premier energy event – was scheduled for Monday afternoon but […]
Oil companies likely to resume fuel supply to Air India at six airports
NEW DELHI: Oil marketing companies (OMCs) are likely to resume fuel supply to Air India within two days at the six airports where it has been stopped over non-payment of dues, a senior government official said on Wednesday. The state-owned OMCs stopped supplying fuel to Air India flights in Pune, Vizag, Cochin, Patna, Ranchi and […]