Bengaluru: Following a steep hike in diesel prices in the last few days, the State Government has proposed to hike bus fares of State Road Transport Corporations by 18%. The Karnataka State Road Transport Corporation (KSRTC) and other regional transport Corporations have incurred a loss of Rs.186 crore during the last three months owing to hike in fuel prices, said Minister for Transport D.C. Thammanna.
Transport Minister D.C. Thammanna told reporters in Bengaluru yesterday that a hike in bus fares has become “inevitable”, owing to the periodic rise in fuel prices. The Department will announce a decision to this effect in a week’s time, after obtaining the green signal from Chief Minister H.D. Kumaraswamy. Details of hike in different routes will have to be worked out and will be announced soon, he said.
