Maharashtra State Road Transport Corporation to set up petrol pumps to overcome losses

The Maharashtra State Road Transport Corporation (MSRTC) has decided to set up petrol pumps in the state to increase its earnings and overcome the losses incurred due to the outbreak of COVID-19. State Transport Minister Anil Parab, who is also the chairman of MSRTC, made this announcement on Tuesday.

“The MSRTC will get a sustainable source of income through the petrol pump business,” Parab said. The transport corporation recently signed an agreement with the Indian Oil Corporation NSE 0.63 % for the project. As per the agreement, 30 petrol and diesel pumps and five Liquified Natural Gas (LNG) pumps will be set up on vacant plots of the MSRTC.