Shriram Transport Finance Company Limited Ltd (STFC) has inked an MoU with Hindustan Petroleum Corporation LTD (HPCL) to offer credit based fuel filling services to its customers on digital platform. STFC had been offering a host of products to its customers ranging from commercial vehicle finance to tyre loans. Credit based fuel financing will enable customers to have an efficient way of purchasing auto fuels like diesel, petrol and lubricants at credit. It is an affordable low cost working capital solution to monitor and control fuel expenses. Fuel finance service will be a cash/card free transaction. Umesh Revankar, MD & CEO, STFC, said, “STFC envision in filling the gap in providing end to end finance solutions to its customers. Hence, this pact with HPCL is hopeful to serve the Small road transport owner (SRTO’s) and First time owner (FTU’s), which forms more than 70% of our customer base, with low cost working capital.”