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Homechevron_rightKeralachevron_rightGovt to rent out KSRTC ...

Govt to rent out KSRTC pumps, says Aryadan

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Govt to rent out KSRTC pumps, says Aryadan
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Thiruvananthapuram: Transport Minister Aryadan Muhammed on Wednesday said the State government would hand over diesel dispensing pumps of the Kerala State Road Transport Corporation (KSRTC) to the State Civil Supplies Corporation (Supplyco) on a lease basis.

“KSRTC will buy diesel through Supplyco outlets at retail rates. The measure will help the KSRTC stave off the current crisis by sourcing subsidised diesel from Supplyco,” Aryadan told reporters after a meeting with representatives of public sector oil companies in the wake of the recent Supreme Court order scrapping the sale of subsidised diesel.

"Supplyco will have to obtain licences and mandatory security clearance. We hope to get the clearance from the Central government soon," the Minister said.

Under the dual pricing system upheld by the Supreme Court on Monday, bulk consumers of diesel such as State transport corporations would have to incur an additional expense of Rs.22.60 crore every month.

Earlier this year, the government had moved the High Court, seeking a directive to all oil companies in Kerala to supply diesel to KSRTC at subsidised rates, taking into account it is a public utility.

The Court had upheld government's view and asked oil companies to continue to provide KSRTC subsidised diesel.

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