Two bus corporation chiefs propose fare hike; say losses are mounting
The Hindu
After the State government increased petrol, diesel, and milk prices, the Karnataka State Road Transport Corporation (KSRTC) and North Western Karnataka Road Transport Corporation(NWKRTC) is now considering a fare hike.
After the State government increased petrol, diesel, and milk prices, the Karnataka State Road Transport Corporation (KSRTC) and North Western Karnataka Road Transport Corporation(NWKRTC) is now considering a fare hike.
Statements in this regard have been made by chairpersons of these corporations on the eve of the commencement of the monsoon session of the State legislature.
KSRTC chairperson S.R. Srinivas stated on Sunday that a fare hike was inevitable.
Speaking to reporters in Tumakuru, he said KSRTC had submitted a proposal to the government to increase fares by 15 to 20 per cent.
“We had a board meeting two days ago and proposed such a fare hike. The final decision is up to Chief Minister Siddaramaiah. If KSRTC is to survive, fare hike is inevitable,” he said.
According to the chairperson, the corporation has incurred a loss of ₹295 crore in the last three months.
“Fuel and auto parts prices have risen substantially, and there hasn’t been a fare hike since 2019. Additionally, KSRTC employees have not had a salary revision since 2020. Therefore, increasing the ticket price is necessary,” he added.