Maharashtra News: MSRTC To Save ₹11.8 Crore Annually As IOC, BPCL Hike Diesel Discount By 30 Paise

Starting August 1, Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL) will raise the discount on diesel supplied to the Maharashtra State Road Transport Corporation (MSRTC) by 30 paise per litre. This move is expected to save MSRTC approximately Rs 3.23 lakh per day, amounting to nearly Rs 11.80 crore annually.

Pratap Sarnaik’s Persistent Efforts Pay Off
The revised rate follows sustained efforts by Maharashtra's Transport Minister and MSRTC Chairman, Pratap Sarnaik. His firm, business-oriented approach and consistent follow-ups were instrumental in securing the enhanced discount. Officials described it as a breakthrough after years of failed attempts to revise the rate.

Decades-Long Partnership with IOC and BPCL
MSRTC, one of India’s largest bulk diesel purchasers, has been sourcing fuel from IOC and BPCL for more than 70 years. Currently, the corporation consumes around 10.7 lakh litres of diesel per day, supplied through 251 fuel depots across Maharashtra.

Negotiations and Competitive Bidding Strategy
“Thanks to Minister Sarnaik’s persistent follow-ups and negotiations, both fuel suppliers have now agreed to increase the discount,” said a senior MSRTC official. Several meetings were held at Mantralaya with senior executives from IOC and BPCL. Simultaneously, discussions with private fuel suppliers were initiated, and groundwork laid for a competitive bidding process to ensure optimal fuel pricing.

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Greater Impact Anticipated with Fleet Expansion
With MSRTC planning to expand its bus fleet in the near future, diesel consumption is set to increase, making the enhanced discount even more financially beneficial in the long run.

Focus on Financial Sustainability
Emphasizing MSRTC’s precarious financial condition, Minister Sarnaik underlined the need for cost-saving initiatives and alternative revenue sources beyond ticket sales. “These combined efforts will help MSRTC strengthen its financial position and move towards long-term sustainability,” he said.