Thiruvananthapuram: State authorities on Saturday offered Rs 20 crore to Kerala State Highway Transport Company (KSRTC) to handle bills associated to purchasing diesel. The monetary help got here as a breather to the company because the oil corporations denied KSRTC gasoline due to the cost dues.
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KSRTC fell right into a dire monetary disaster after the board utilised its funds to pay the salaries of workers as HC had ordered well timed cost. In the meantime, the oil corporations refused to provide diesel till KSRTC paid Rs 13 crore dues. Following this, KSRTC lower down 50 per cent of odd companies on Friday and 75 per cent on Saturday. It introduced that 100 per cent of odd companies shall be shut down on Sunday. Nevertheless it stored long-distance, distant and inter-state companies working.
Following this, KSRTC sought the assistance of the state authorities and Rs 20 was allotted for a similar.
The federal government-owned Indian Oil Company (IOC) had informed the Supreme Courtroom that KSRTC has dues of Rs 139.97 crore to the corporate.
KSRTC has not bought from IOC because it ordered differential pricing for retail and wholesale clients. At the moment, KSRTC is shopping for gasoline from retail petrol pumps, IOC stated in its affidavit within the case filed by KSRTC in opposition to the value hike.