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.’’

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