New Delhi: Indian carriers, including Jet Airways (India) Ltd and Kingfisher Airlines Ltd, reduced fuel payment dues to state-run refiners 39% this year, the government said.
Jet fuel dues were a combined Rs2,225 crore on 31 May from Rs3,658 crore on 31 December, petroleum and natural gas minister Murli Deora said in Parliament on Thursday. Kingfisher owed Rs950 crore, while Jet Airways owed Rs760 crore, the minister said.
The government gave airlines time in October to pay dues by 31 March.
In case airlines fail to pay their dues, oil marketing companies take action for recovery of dues in line with the mutually agreed commercial terms, Deora said.