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What is the story about?
Indian Oil Corporation Limited has signed a Letter of Intent with Akasa Air to explore the future supply of Sustainable Aviation Fuel, marking a step towards supporting sustainability goals in the aviation sector. The LoI was signed at Wings India 2026 in Hyderabad.
The proposed collaboration seeks to establish a framework under which Indian Oil and Akasa Air will work together on the potential supply of Sustainable Aviation Fuel. The focus of the partnership is to support the airline’s sustainability objectives through access to low-carbon aviation fuel solutions.
Sustainable Aviation Fuel is seen as a critical pathway for reducing lifecycle greenhouse gas emissions from air travel and is expected to play a key role in the aviation industry’s transition towards net-zero emissions. The initiative aligns with broader efforts within the sector to lower environmental impact while maintaining operational efficiency.
Under the LoI, the two companies will evaluate potential Sustainable Aviation Fuel supply volumes, delivery locations and timelines. The scope of discussions will also include the use of approved sustainable feedstocks and production pathways, in line with evolving regulatory and industry standards.
Indian Oil said the collaboration reflects its commitment to scaling low-carbon fuels and supporting customers in their energy transition. By leveraging its expertise across fuel production, supply and logistics, the company aims to contribute meaningfully to the early adoption and usage of Sustainable Aviation Fuel in India.
The agreement highlights Indian Oil’s role as a national energy major in enabling cleaner fuel alternatives, while supporting the aviation sector’s long-term sustainability goals. For Akasa Air, the LoI represents a step towards integrating sustainable fuel options into its operations as part of its broader environmental strategy.
Indian Oil Corporation Limited is a Maharatna company with operations spanning the entire hydrocarbon value chain, including refining, marketing and logistics, and continues to explore new energy pathways in response to changing industry dynamics.
Also read: IOC seeks bids for 24 million barrels of oil from Americas for March quarter, document shows
Indian Oil Corporation shares were trading at ₹163.11 on the NSE, up ₹0.26 or 0.16%.
The proposed collaboration seeks to establish a framework under which Indian Oil and Akasa Air will work together on the potential supply of Sustainable Aviation Fuel. The focus of the partnership is to support the airline’s sustainability objectives through access to low-carbon aviation fuel solutions.
Sustainable Aviation Fuel is seen as a critical pathway for reducing lifecycle greenhouse gas emissions from air travel and is expected to play a key role in the aviation industry’s transition towards net-zero emissions. The initiative aligns with broader efforts within the sector to lower environmental impact while maintaining operational efficiency.
Under the LoI, the two companies will evaluate potential Sustainable Aviation Fuel supply volumes, delivery locations and timelines. The scope of discussions will also include the use of approved sustainable feedstocks and production pathways, in line with evolving regulatory and industry standards.
Indian Oil said the collaboration reflects its commitment to scaling low-carbon fuels and supporting customers in their energy transition. By leveraging its expertise across fuel production, supply and logistics, the company aims to contribute meaningfully to the early adoption and usage of Sustainable Aviation Fuel in India.
The agreement highlights Indian Oil’s role as a national energy major in enabling cleaner fuel alternatives, while supporting the aviation sector’s long-term sustainability goals. For Akasa Air, the LoI represents a step towards integrating sustainable fuel options into its operations as part of its broader environmental strategy.
Indian Oil Corporation Limited is a Maharatna company with operations spanning the entire hydrocarbon value chain, including refining, marketing and logistics, and continues to explore new energy pathways in response to changing industry dynamics.
Also read: IOC seeks bids for 24 million barrels of oil from Americas for March quarter, document shows
Indian Oil Corporation shares were trading at ₹163.11 on the NSE, up ₹0.26 or 0.16%.
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