Justifying the bus fare hike between 5% and 10% for different services, the Telangana State Road Transport Corporation (TSRTC) authorities said that the fare was still lower than that of the AP State Road Transport Corporation (APSRTC) and other inter-state services.
While pointing out that APSRTC had already hiked the fares last year, authorities said that the hike was absolutely unavoidable as the TSRTC has incurred a loss of Rs 701crore in 2015-2016.
“The fare increase is almost on par with APSRTC.We have increased it seven months after their hike. The revised fares of TSRTC are less than the fares applicable in neighbouring states of Karnataka and Maharashtra and even less than APSRTC fares in respect of Pallevelugu services,“ said S Satyanarayana, chairman of TSRTC.
The last fare hike was carried out in November 2013, he said. “Since then, the cost of inputs has gone up considerably . The cost per kilometre on personnel has gone up by Rs 7.22. The government has restricted the fare revision to the minimum. With this, the corporation will get an additional revenue of Rs 286 crore,“ said managing director GV Ramana Rao.
Meanwhile, TSRTC authorities are planning to establish HPCL fuel stations across the state. “The modalities are being currently wor ked out on whether the TSRTC staff will operate the fuel stations or whether they would be outsourced,“ Rao said.
Authorities said that around 1,150 villages, which are still untouched by TSRTC, have been identified and efforts are on to extend services to these places.Among other steps being taken up by the corporation to add to the revenues are multistoried complexes, shopping malls and mini-theatres at bus stations and depots.