Air India is facing a major problem of payment overdues for aviation fuel to oil companies. The overdues to oil PSUs have soared to over Rs 2,280 crore (Rs 22.80 billion) as on February this year.
"The government has infused Rs 1,200 crore (Rs 12 billion), out of this, we have given Rs 475 crore (Rs 4.75 billion) to the oil companies. As it is, it is true that Rs 1,900 crore (Rs 19 billion) is still pending."
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