Overview

• Starting August 1, Indian Oil Corporation and Bharat Petroleum will raise the diesel discount for MSRTC by 30 paise per litre.
• The enhanced rebate will cut MSRTC’s fuel expenditure by around Rs 3.23 lakh each day and Rs 11.8 crore annually.
• Transport Minister Pratap Sarnaik secured the rate increase through three to four meetings at Mantralaya after years of stagnant discounts.
• MSRTC currently consumes about 10.78 lakh litres of diesel daily across its 251 depots under a more than 70-year partnership with the two state oil firms.
• The corporation intends to add 5,000 buses per year and invite competitive tenders from private suppliers to further optimise procurement costs.