IOCL Signs LoI with Akasa Air to Jointly Explore SAF Supply
In January 2026, Indian Oil Corporation Limited (IOCL), under the Ministry of Petroleum and Natural Gas (MoPNG), signed a Letter of Intent (LoI) with Akasa Air to jointly explore the future supply of Sustainable Aviation Fuel (SAF) during the Wings India 2026 airshow in Hyderabad, Telangana.
Key Details of LoI:
Framework : The LoI establishes a framework for collaboration to assess how IOCL might supply SAF to Akasa Air in the future.
Role of Entities: IOCL and Akasa Air will evaluate potential SAF supply volumes, delivery locations, timelines, and approved sustainable feedstocks and production pathways that meet global standards.
SAF: It is a lower-carbon alternative to conventional jet fuel that can significantly reduce lifecycle greenhouse gas (GHG) emissions from aviation.
About IOCL: IOCL, a Maharatna Central Public Sector Enterprise (CPSE), was established in 2019 in New Delhi, Delhi, under the MoPNG. It is India’s largest integrated oil & gas company, operating across refining, pipelines, fuel marketing, petrochemicals, and clean energy initiatives.
In January 2026, Indian Oil Corporation Limited (IOCL), under the Ministry of Petroleum and Natural Gas (MoPNG), signed a Letter of Intent (LoI) with Akasa Air to jointly explore the future supply of Sustainable Aviation Fuel (SAF) during the Wings India 2026 airshow in Hyderabad, Telangana.
Key Details of LoI:
Framework : The LoI establishes a framework for collaboration to assess how IOCL might supply SAF to Akasa Air in the future.
Role of Entities: IOCL and Akasa Air will evaluate potential SAF supply volumes, delivery locations, timelines, and approved sustainable feedstocks and production pathways that meet global standards.
SAF: It is a lower-carbon alternative to conventional jet fuel that can significantly reduce lifecycle greenhouse gas (GHG) emissions from aviation.
About IOCL: IOCL, a Maharatna Central Public Sector Enterprise (CPSE), was established in 2019 in New Delhi, Delhi, under the MoPNG. It is India’s largest integrated oil & gas company, operating across refining, pipelines, fuel marketing, petrochemicals, and clean energy initiatives.
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