TSRTC fare hike on the anvil
The Hindu
Corporation facing heavy losses due to rise in fuel prices, suspension of services
A bus fare hike is on the anvil with the Telangana State Road Tranport Corporation (TSRTC) on Sunday preparing proposals to increase by 25 paise per kilometer to 30 paise per km.
The move was deliberated upon at a review meeting which Transport Minister Puvvada Ajay Kumar chaired with TSRTC officials, including Managing Director V C Sajjanar and Chairman Bajireddy Goverdhan.
The move comes in the wake of devastating losses which the transport juggernaut sustained primarily due to an increase in fuel prices, suspension of services due to the COVID–19 pandemic, and operational costs. It may be recalled that the TSRTC, in a statement to the media released in August had underscored that it had suffered losses to the tune of ₹ 2,600 crore.
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