KSRTC takes oil companies to court over diesel price hike
THIRUVANANTHAPURAM: The KSRTC on Friday moved the High Court against oil marketing companies for increasing fuel prices for bulk purchasers. The state-run carrier sought a directive to sell High-Speed Diesel (HSD) to it at the price charged at the state’s retail outlets. The HC has sought the views of public sector oil marketing companies on the plea.
In its plea, KSRTC said increasing the price of diesel for the transport corporation, which operates services even in less profitable routes for public convenience, was unjust. KSRTC is the lone bulk purchaser of fuel in the state and uses 270 to 300 kilolitres of diesel a day to run 12 lakh km of services. Oil firms have increased the price of diesel supplied to it by Rs 38.61 since December 2021. The latest hike, that of Rs 27.88 per litre, was announced on March 16.
