<h1>Punjab Transport Department Signs MoU with Indian Oil for Higher Diesel Discounts, Saving Rs 18 Crore Annually</h1> The Punjab Transport Department has entered into an agreement with Indian Oil Corporation to obtain diesel at a higher discounted rate for state-owned buses, resulting in significant cost savings. The new Memorandum of Understanding (MoU) increases the diesel discount to Rs 2,550 per kilo litre, up from Rs 1,980 per kilo litre in the previous 2019 agreement. This change is expected to save the Punjab Roadways Rs 9 crore annually. Additionally, the Punjab Road Transport Corporation will sign a similar MoU, bringing total annual savings to Rs 18 crore, or Rs 90 crore over five years, highlighting the government's commitment to fiscal responsibility.