Railways extends validity of diesel supply rate contracts
RAILWAYS & METRO RAIL

Railways extends validity of diesel supply rate contracts

The Indian Railways has extended the validity of the diesel supply rate contracts it had signed in March 2020 by six months till the end of March 2023, according to people in the know, a move that will protect the national transporter from sharp volatility in oil prices.

These supply agreements have a clause that binds oil companies to supply diesel to the railways at below retail rates.

Typically, a bulk supply of diesel would be available to large buyers like Indian Railways at rates lower than the retail prices. However, present bulk prices are higher as oil companies have not revised retail prices in line with the crude costs.

Retail diesel prices were last revised on May 23, 2022. It is estimated that oil companies are selling bulk diesel to consumers such as transport fleets, shopping malls and factories at Rs 25-40 per litre more than retail prices.

Also read:
Railway formally adopts RORO fees in order to match road rates
35 rail projects in Odisha at different stages of execution


The Indian Railways has extended the validity of the diesel supply rate contracts it had signed in March 2020 by six months till the end of March 2023, according to people in the know, a move that will protect the national transporter from sharp volatility in oil prices. These supply agreements have a clause that binds oil companies to supply diesel to the railways at below retail rates. Typically, a bulk supply of diesel would be available to large buyers like Indian Railways at rates lower than the retail prices. However, present bulk prices are higher as oil companies have not revised retail prices in line with the crude costs. Retail diesel prices were last revised on May 23, 2022. It is estimated that oil companies are selling bulk diesel to consumers such as transport fleets, shopping malls and factories at Rs 25-40 per litre more than retail prices.Also read: Railway formally adopts RORO fees in order to match road rates35 rail projects in Odisha at different stages of execution

Next Story
Real Estate

Signature Global Prime Earns IGBC Platinum Certification for Sustainability

Signature Global (India) has achieved IGBC Platinum certification for its affordable housing project, Signature Global Prime, in Sector 63A, Gurugram. This milestone makes it one of the few affordable housing projects in India to earn the prestigious recognition.Spread over 5.7 acre, Signature Global Prime consists of 817 residential and 118 high-street retail units. The project advanced from Gold to Platinum certification by excelling in energy efficiency, water conservation, eco-friendly materials, and sustainable design.Lalit Aggarwal, Co-founder & Vice Chairman, stated, ""This achievem..

Next Story
Real Estate

Merino’s Special Laminates: Redefining Modern Interiors

Merino’s Special Laminates offer a perfect blend of aesthetics, durability, and functionality, making them a preferred choice for architects and designers. With diverse textures, patterns, and finishes, these laminates cater to varied design preferences—from minimalistic to bold interiors.Diverse Product RangeMerino’s collection includes:Sampada: Traditional Indian-inspired patterns.Luvih: Satin-smooth, fingerprint-resistant matte laminates.Infusio: High-definition, vibrant surface designs.Laminature: Realistic natural textures.Metalam: Sleek metallic finishes.Tuff Gloss MR+: High-gloss,..

Next Story
Real Estate

Casagrand Millenia Acquires Wagholi Land for Rs 1.26 billion

Casagrand Millenia has acquired a 1.18-ha land parcel in Wagholi, Pune, for Rs 1.26 billion (bn), as per property registration records. The transaction, involving a stamp duty of Rs 88.2 million and a registration fee of Rs 30,000, was finalised in January 2025.Anand Moorthy, Co-founder and CBO, Capital Market & Services, Square Yards, said, “Pune’s eastern micromarket is emerging as the most dynamic commercial hubs, witnessing the highest office offtake in the city. This surge coupled with well-developed physical and social infrastructure, seamless connectivity via the Pune-Ahilya..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?