India carriers to repay aviation fuel dues by March 2009

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New Delhi, October 22, 2008 : India's airline companies are to repay up to 28 billion rupees outstanding aviation fuel dues to state run refineries by March 2009 in six monthly installments.

After holding talks with the Oil Minister Murli Deora and domestic air carriers, Civil Aviation minister Praful Patel said that oil firms have agreed to raise the credit period for local carriers to 90 days from 60 days.

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