STOCK MARKET BSE NSE

10-12 percent hike likely in bus fares

Published: 23rd September 2012 10:12 AM  |   Last Updated: 23rd September 2012 10:12 AM   |  A+A-

A final decision on increasing the APSRTC bus fare is likely to be taken in the next two days. The hike could be anything between 10 and 12 percent.

APSRTC vice chairman and managing director AK Khan along with other officials met chief minister N Kiran Kumar Reddy on Saturday and discussed the issue. The chief minister, however, is learnt to have told the officials to examine the proposal further.

Due to an increase in the price of diesel, the APSRTC management has decided to increase bus fares in all services except Garuda, Indra and Volvo.

The officials have already had discussion with transport minister Botcha Satyanarayana on the issue on Thursday. They reportedly told the minister that hike in bus fare was inevitable as the organisation is already incurring huge losses.

Speaking to Express over phone, Botcha Satyanarayana said, “An announcement regarding the bus fares hike will be made in the next two days.’’

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now

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