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Bus fare hiked by seven paise per km in Punjab

Press Trust of India  |  Chandigarh 

The state-owned (PRTC) has raised fare by seven paise per passenger per kilometre (km) following the increase in diesel prices, said Tuesday.

The price revision, which came ahead of Diwali, was the third one this year after hikes of two paise in February and six paise in June.

We have raised the bus fare by seven paise per passenger per km, of M S Narang said.

With this hike, the per passenger per km fare of the ordinary bus will be Rs 1.17 as against Rs 1.10 earlier. The fare of heating, ventilation and air conditioning (HVAC) bus will now be Rs 1.40 paise per km as against Rs 1.32 paise, Narang said.

The fare of Integral Coach and Super Integral Coach have been fixed at Rs 2.1 and Rs 2.34 paise per km respectively, the said.

The had demanded increase in bus fare, citing heavy financial losses" on account of rising fuel prices. Diesel prices have increased by Rs 6.50 per litre since June this year, he said.

With increase in bus fare, we will further generate revenue of Rs 7.70 lakh per day, he said.

Currently, has been generating revenue of Rs 1.40 crore per day, he added. PRTC has a fleet size of 1,073 buses in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 17:00 IST