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Hindustan Petroleum Corp resumes fuel supplies to Kingfisher Airlines

09 Mar 2012 Evaluate

Hindustan Petroleum Corp Ltd (HPCL) resumed oil supplies to Kingfisher Airlines after the beleaguered airline agreed to pay for daily fuel off-take. HPCL, which is Kingfisher's biggest aviation fuel supplier, had stopped refuelling KFA and decided to resume supplies after hectic negotiations. Kingfisher, which owes Rs 515-520 crore in fuel bills along with interest, had not been honouring its daily fuel bills, prompting the state-owned oil firm to snap supplies. Indian Oil Corp ( IOC) supplies negligible quantities to Kingfisher while Bharat Petroleum Corp Ltd continues to sell fuel to Kingfisher Airlines on cash-and-carry basis at a couple of airports.

HPCL Share Price

401.40 -1.10 (-0.27%)
18-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1327.75
Indian Oil Corp. 146.05
BPCL 316.20
HPCL 401.40
MRPL 159.05
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