West Asia war: Airports Authority of India refutes reports on fuel stock inquiries amid ongoing tensions

AAI stated that it does not exercise oversight over fuel inventories at airports. Representational Pic

The Airports Authority of India (AAI) has denied reports suggesting that it requested information on Aviation Turbine Fuel (ATF) stocks at international airports amid the ongoing West Asia conflict.

In a press release, AAI stated that it does not exercise oversight over fuel inventories at airports.

AAI said, "There are some media reports with reference to Airports Authority of India (AAI) suggesting that AAI has sought details regarding Aviation Turbine Fuel (ATF) stock positions at international airports in the context of the prevailing geopolitical situation in West Asia."

AAI refutes fuel stock reports

Categorically denying the reports, the AAI added, "The Authority states that it has not asked, formally or informally, any airport operator to furnish details regarding fuel stocks or estimated fuel requirements. The reports suggesting such communication are false and factually incorrect."

Further, the airport authority advised citizens against circulating factually incorrect information.

"It is further reiterated that AAI functions strictly within its defined mandate. The AAI is an airport operator and navigation service provider. It does not exercise oversight over fuel inventories. AAI remains committed to the safe, secure, and efficient management of airport infrastructure. Hence, AAI advises against the circulation of unverified, false, and factually incorrect information," the press release read.

The speculations came at a time when global oil markets are witnessing volatility after the United States and Israel carried out joint military strikes on Iran, a major oil-producing nation, drawing West Asia further into the conflict.

LNG and associated product production to halt

Qatar Energy has also announced that it will halt production of its liquefied natural gas (LNG) and associated products, declaring force majeure, which affects buyers and stakeholders.

A force majeure notice is a formal contract notification issued when an unforeseen, uncontrollable event, such as war or a natural disaster, prevents a party from meeting its obligations.

Amid the turmoil in West Asia, government sources said that India has a total of eight weeks' worth of crude oil and petroleum products inventory, which includes strategic reserves, and only about 40 per cent of India's crude oil imports transit through the Strait of Hormuz, significantly limiting exposure to regional disruptions.

(With ANI inputs)