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State-run oil firms to form JV for jet fuel

AAI is also likely to be an equity partner in the JV

Topics
Jet Fuel

Shine Jacob & Arindam Majumder  |  New Delhi 

State-run oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) are set to form a joint venture to manage fuelling facilities at all airports controlled by the Airports Authority of India (AAI) by the end of this year. AAI is also likely to be an equity partner in the JV.

The public sector OMCs have, however, spurned private fuel retailers. "There will be no private parties in the venture. However, it may follow an open access system to all fuel suppliers, where anybody can pay and use these ...

First Published: Wed, August 31 2016. 00:46 IST
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