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Govt to Compensate Highway Builders for Soaring Diesel Costs
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Business·12h agoAI summary

Govt to Compensate Highway Builders for Soaring Diesel Costs

The Indian government will compensate highway builders for a nearly 71% surge in bulk diesel prices over three months, aiming to shield them from increased expenditure due to the West Asia conflict. A new policy will soon be released, allowing agencies to pay the difference between base and prevailing diesel rates. This follows a significant increase in bitumen prices and a slowdown in highway construction, with a parliamentary panel recommending measures like bitumen reserves and alternative sourcing.

T
Times of India