PRTC to get cheaper diesel from IOC

In a step that could be termed as financially beneficial to Punjab Road Transport Corporation, the Indian Oil Corporation on Monday announced to give exemption of 25 paise per litre to the PRTC.Punjab Transport Department spokesperson said that a memorandum of understanding (MOU) has been signed in this regard by RS Nanda, Prem Kumar, PK Dass and Harvinder Singh Kainth of Indian Oil Corporation and PRTC managing director Manjit Singh Narang, RK Behal and Mohan Singh.  

MoU has been signed for three years and PRTC would save Rs2.10 crore during the next three years. Spokesperson said that due to signing of this MoU, the PRTC could save Rs19,000 per day, Rs six lakh per month and Rs70 lakh annually. PRTC is purchasing diesel from Indian Oil Corporation. PRTC buses are covering rs2.5 lakh kilometre area with the consumption of 75,000 litre diesel daily.