In light of the skyrocketing fuel prices, Bengaluru Metropolitan Transport Corporation (BMTC) buses will resort to private fuel stations for diesel.
Story so far: Due to the current unstable global dynamics, the price of crude oil has hiked substantially. Additionally, the government is refusing to extend subsidies to bulk buyers, including the BMTC. In lieu of this, the state transport corporation has decided to retrieve its fuel from retailers.
- BMTC has a fleet of over 6,000 buses that require roughly 2.4 lakh litres of diesel daily in order to function.
- Traffic police have been alerted and deployed at various petrol bunks to avoid excessive congestion due to the buses.
Stating specifics: The rate of bulk diesel as of Monday was ₹120.26 per litre while the retail price of the same is ₹87.87 per litre. As a result of this, the transport corporations would have to bear an additional ₹32.3 a litre of diesel for each of its buses, thereby turning to private retailers.