Chandigarh, March 14 -- The Punjab Transport department on Thursday signed an agreement with Indian Oil Corporation under which the state-owned undertaking buses would get diesel at an enhanced discounted rate. State transport minister Laljit Singh Bhullar said with this Memorandum of Understanding (MoU), the state government would save Rs 9 crore per annum.
The MoU was formally exchanged between Rajiv Kumar Gupta, Director State Transport-cum-Managing Director of state-owned Punbus and Ashutosh Gupta, Executive Director and State Head of IOC.
Bhullar said under this pact, the discount on diesel has been raised compared to the previous agreement. The IOC has offered a discount of Rs 2,550 per kilo litre (1,000 litres). "This is an increas...