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IOC jet fuel biz saw 60 pc recovery: ED
Indian Oil Corporation’s jet fuel business has recovered by 60 per cent, while the domestic sector sales are likely to touch full capacity by March, this year, a senior official has said.
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There was a drop in the jet fuel business following coronavirus-induced restrictions but from May 25, 2020 onwards, the aviation sector has re-started, leading to increased demand.
“By this time, it has recovered up to 60 pc,” Sanjay Sahay, ED (Aviation), Indian Oil said. With COVID-19 vaccine optimism, more recovery will come. “The IOC had sales of five million metric tonnes during pre-pandemic times. We are picking up fast. Domestic Airlines are doing well. Lot of new routes are also opened, which we are supporting,” he said.
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