Railway Minister Shri. Suresh Prabhu have hinted a railway fare hike next year. The minster was quoted stating "some burden has to be shared by people."
The next Rail Budget to be presented early next year could contain a proposal for raising fares to pass on the burden of rising power cost to passengers.
The fuel adjustment component-linked tariff revision due in December will be effected in the Rail Budget in February and there is a need for upward revision as energy cost has gone up by over 4 per cent in the recent months, said a senior Railway Ministry official.
According to Railways' announced policy, fare and freight revision linked to fuel and energy cost are being done twice a year. The last revision was done in June wherein passenger fares were revised by 4.2 per cent and freight rates by 1.4 per cent.