18 per cent hike in fares of state-run buses in Maharashtra

The Maharashtra State Road Transport Corporation (MSRTC) today decided to increase the fares of all its bus services by 18 per cent from June 15.

Published: 06th June 2018 09:54 PM  |   Last Updated: 06th June 2018 09:54 PM   |  A+A-

By PTI

MUMBAI: The Maharashtra State Road Transport Corporation (MSRTC) today decided to increase the fares of all its bus services by 18 per cent from June 15.

Transport Minister Diwakar Raote said the decision was taken out of compulsion, due to increasing fuel prices and recent increase in the wages of MSRTC employees.

If taxes on diesel are lowered, the fare hike would be reconsidered, he said.

Due to rising fuel prices, MSRTC's expenditure has increased by Rs 460 crore annually, he said.

Further, the employees were recently given a hike, which put additional burden on Rs 4,849 crore on the corporation, he said.

The MSRTC initially wanted a fare hike of 30 per cent, but it was restricted to 18 per cent, the minister said.

He had requested Chief Minister Devendra Fadnavis to reduce various taxes on diesel, Raote said.

"Fadnavis and finance minister Sudhir Mungantiwar have responded positively to my demand. If it is accepted, the fare hike would be reconsidered," he added.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)
TAGS
MSRTC

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp