Indian Oil Corp to supply diesel to Punjab Roadways at discounted rate

Indian Oil Corp (IOC) will supply diesel at a discount of Rs 1.05 per litre for five years to state owned Punjab Roadways and Punbus.

Punbus and Punjab Roadways on Sunday signed an agreement with IOC in this regard.

While disclosing this, an official spokesman said Punbus and Punjab Roadways have successfully negotiated and finalised a discount of Rs 1.05 paisa per litre for 5 years on the existing diesel rates.

He said that it is one of the highest discount offered by IOC to state transport undertakings in the region and will result in saving of over Rs 19 crore.

He said an agreement was signed between Ashwani Kumar Director State Transport, Punjab- cum' Managing Director Punbus and Prem Kumar, Chief Divisional Consumer Sales Marketing, Chandigarh of IOC.

He further said IOC has also agreed to provide additional infrastructure like digital tyre inflators and online diesel monitoring dispensing units for effective monitoring of diesel, which will help reduce pilferage and result in saving to Punjab Roadways and Punbus.