Formula One: No plans for sole fuel supplier in F1, says FIA
YEONGAM, SOUTH KOREA (REUTERS) - Formula One's governing body has written to team principals assuring them they have no intention of tendering for a sole fuel supplier despite a recent announcement raising the possibility.
Leading teams derive substantial sponsorship from oil companies - such as Shell, Total, Malaysia's Petronas and Venezuelan state-owned PDVSA - and any move to limit the sport to one supplier would be a big hit to team budgets.
Concern was raised after the International Automobile Federation (FIA) said last week that a new "Concorde Agreement" governing the sport would give it responsibility for conducting tenders for tyres and fuel.
"Fuel was mentioned purely for illustrative purposes," said an FIA Formula One spokesman. "There are no plans at present to have a fuel tender."