State govt assures the court it will compensate the loss to the oil companies

The Kerala high court on Thursday directed public sector oil companies -- Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) -- to supply diesel to the Kerala State Road Transport Corporation (KSRTC) at subsidised rate. In a petition filed by the corporation, a single bench opined that the stand of the oil companies was discriminatory. The state government has assured the court it would compensate the loss to the oil companies.