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Hike in TSRTC bus fares likely soon
The Hindu
Corporation incurring heavy losses due to spiralling diesel costs
A bus fare hike, it appears, is inevitable with Telangana State Road Transport Corporation Chairman Bajireddy Goverdhan on Tuesday informing the media that the issue would be discussed with Chief Minister K Chandrasekhar Rao on December 1.
A key factor behind the fare hike is the heavy losses the transport juggernaut has incurred due to spiralling diesel costs and the complete halting of bus services during the COVID-19 lockdown. Interestingly, fuelling speculation on when the fare hike would come into effect is Transport Minister Puvvada Ajay Kumar’s meeting on December 1 at Transport Bhavan, where he is scheduled to speak to the media.
The Chairman was speaking to the media soon after the inauguration of the mega blood donation camp which was organised across TSRTC bus depots, stations and other facilities. Mr Goverdhan inaugurated the camp at Jubilee Bus Station.