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StaffCorner

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14 Dec, 2014 09:56 PM

Railway fares to go up next year

Railway fares to go up next year
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.



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