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.
