Overview
- MSRTC, which held a review meeting Monday at Mantralaya, deferred a fare hike while it assesses the hit from costlier diesel.
- Indian Oil Corporation raised the supply price from Rs 88.21 to Rs 91.31 per litre, and the corporation uses about 10.87 lakh litres of diesel each day.
- Officials estimate the extra fuel bill at nearly Rs 33.7 lakh per day, about Rs 10 crore per month, or roughly Rs 124 crore a year.
- Transport Minister Pratap Sarnaik said any fare proposal will go to the State Transport Authority after consultations, and he set a review window through May 31.
- The cash-strapped carrier posted a Rs 76 crore loss in April and is pursuing fuel saving, tighter spending, and more e-buses to shield rural riders who depend on ST buses.