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… till Supplyco is granted licence to operate the 67 pumps. “The Supreme Court ruling has only vacated the stay on implementing the dual pricing system for diesel. The case is pending.” He added that oil companies were willing to cooperate with the government in providing subsidised fuel to the KSRTC. It is estimated that non-availability of subsidised diesel would burden the State utility with an additional burden of over Rs.22 crore a month. The KSRTC needs 4.2 lakh litres of diesel a day.
Refuting reports about the KSRTC slashing operations to curb losses, Mr. Mohammed said 4,736 buses had operated on Tuesday. “While 4,533 services were operated the same day last year, the number was 4,275 in 2011.”
The Minister said the government would retain the staff of the KSRTC and their benefits. Asked about an alternative arrangement to purchase subsidised diesel from private pumps, he said the decision would be taken by the Cabinet.