Indian Oil Corporation (IOC) has signed agreement with Punbus and Punjab Roadways to supply diesel at a discount of Rs 1.05 per litre for five years. The company has also agreed to provide additional infrastructure like digital tyre inflators and online diesel monitoring dispensing units for effective monitoring of diesel, which will help reduce pilferage and result in saving to Punjab Roadways and Punbus.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.