Photo Source; Babushahi Bureau
Punjab signs MoU with Indian Oil Corporation Limited; increased diesel margin to benefit PUNBUS, PRTC
Harshabab Sidhu
Chandigarh, March 13, 2025 – Punjab Transport Minister Laljit Singh Bhullar on Wednesday announced that a Memorandum of Understanding (MoU) has been signed between Indian Oil Corporation Limited (IOCL), PUNBUS, and PRTC.
Addressing the media after a cabinet meeting, Bhullar stated that the diesel margin provided by IOCL has been increased from ₹1,980 per 1,000 liters to ₹2,550.
This increase will result in a financial benefit of ₹18 crore for Punjab Roadways and PRTC, with both entities gaining ₹9 crore each.