MSRTC Faces Financial Woes Amid Diesel Price Surge

Maharashtra State Road Transport Corporation (MSRTC) is considering a fare increase due to a rise in diesel prices. The increase would burden the corporation with an additional Rs 124 crore annually. Transport Minister Pratap Sarnaik assures no immediate fare hike while exploring strategies to mitigate passenger impact.

The Maharashtra State Road Transport Corporation (MSRTC) is grappling with possible fare hikes in response to soaring diesel costs, although no immediate action will be taken, according to Transport Minister Pratap Sarnaik.

Following a review meeting, Sarnaik highlighted that the recent diesel price increase would add an annual financial burden of around Rs 124 crore to MSRTC. With no immediate changes, Sarnaik suggests alternatives such as conserving fuel and expanding electric bus fleets to minimize impact on passengers.

While emphasizing the critical role of MSRTC in rural transport, Sarnaik noted that maintaining service continuity while securing financial stability remains challenging for the state-run corporation.