Karnataka: RTCs asked to submit report on losses following fuel price hike
Amid speculation over revision of bus fares in the State-run road transport corporations following increase in price of diesel and other petroleum products, the State
Amid speculation over revision of bus fares in the State-run road transport corporations following increase in price of diesel and other petroleum products, the State government has asked the Transport Department to submit a comprehensive report on the losses.
The RTCs have been bleeding under the increased fuel prices triggered by the West Asia war and have also been under pressure over revenue collection in the last three years since Shakti, the scheme allowing free travel for women, was implemented by the State government as one of the five guarantees.
In his post-Cabinet briefing, Chief Minister D.K. Shivakumar said that the RTCs were suffering huge losses due to the hike in diesel prices. “We also
need to take care of the employees.”
The BriefWire