State-owned Hindustan Petroleum Corporation (HPCL) has resumed supply of jet fuel to Kingfisher Airlines after the beleaguered airline made payments. Recently, delays in payments compelled HPCL to stop supplying jet fuel to Kingfisher Airlines on temporary basis.
HPCL is Kingfisher’s biggest aviation fuel supplier and Kingfisher accounts for 47% of HPCL’s total jet fuel sales.
During the last couple of months, the Kingfisher has reduced its ATF consumption. Now the airline is consuming fuel worth Rs 2-2.5 crore per day while, it was Rs 4-4.5 crore per day in first quarter of 2012 calendar year.
