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Citing rising diesel costs, Telangana mulls bus fares hike, Auto Information, Automobilnews – Information by Automobilnews.eu

Citing rising diesel costs, Telangana mulls bus fares hike, Auto Information, Automobilnews


Hyderabad: The Telangana State Highway Transport Company (TSRTC) is ready to hike the bus fares by 25-30 paise per kilometre in view of the rise in diesel costs and continued losses.The proposal to revise the fares was mentioned on Sunday by transport minister P. Ajay Kumar with TSRTC Chairman Bajireddy Goverdhan, Managing Director V.C. Sajjanar and different officers.

A choice on the proposal might be taken by Chief Minister Ok. Chandrasekhar Rao. The proposal is more likely to be positioned earlier than the State Cupboard at its subsequent assembly.

Goverdhan advised reporters that TSRTC had already submitted its proposal for fare hike to the minister however has now amended the identical in view of final week’s drop in diesel costs.The value of diesel and petrol was diminished by Rs 10 and Rs 5 per litre respectively because the Centre reduce the excise obligation.

The TSRTC chairman stated whereas framing the revised proposal, they ensured that the frequent man just isn’t overburdened by the hike.

Goverdhan stated they mentioned the proposed fare hike retaining in view the hike affected by neighbouring States however assured that the rise in TSRTC fares won’t be large. He stated the TSRTC will stay in losses even after the hike.

In response to sources in TSRTC, the proposal is to extend the fare by 25 paise per km for Palle Velugu (rural) companies and 30 paise per km for Categorical and better companies. An identical hike is probably going for the town companies.

The sooner proposal was to extend the fare by 40 paise per km.

Officers of the state-owned transport operator say the hike was inevitable to soak up the steep hike in diesel costs in latest months and to beat the continued losses.

Throughout a gathering with the chief minister final month, the officers knowledgeable the CM that since diesel worth elevated by Rs 22 per litre within the final one-and-a-half years, TSRTC needed to bear a further lack of Rs 550 crore. They stated together with the elevated diesel and petrol costs, the rise within the costs of tyres, tubes and different spare elements of the buses was additionally pushing RTC into losses. All these elevated prices are placing Rs 600 crore further burden on the Company, they stated.

The TSRTC is reeling underneath annual losses of Rs 750 crore to Rs 1,000 crore. It’s estimated to have suffered losses of Rs 3,000 crore because the Covid-19 pandemic broke out final yr.

The earlier fare hike was in December 2019. The fares had been elevated by 20 paise per km.

“Because of a lower in diesel worth from Rs 102.34 to Rs 91.61, the fare for stage carriages apart from city buses plying inside Odisha shall be mounted at a decreased fee,” the official order stated.



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Citing rising diesel costs, Telangana mulls bus fares hike, Auto Information, Automobilnews – Information by Automobilnews.eu
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