Diesel price hike: Govt to compensate National Highways builders

Earlier, road transport ministry rolled out the scheme for additional payment for increase in bitumen prices by updating it every month. Prices of bitumen used in highway projects have increased from Rs 49,000 per tonne on Feb 28 to Rs 80,000 a tonne on June 1. “The new policy will be out soon. Highway agencies will pay the differential amount between the base rate and prevailing price of bulk diesel,” said an official.