Bansal keeps everyone guessing on rail fare hike

Last Updated: Thu, Feb 07, 2013 13:32 hrs

With the Railways facing an additional burden of Rs 3300 cr due to the diesel price hike, Railway Minister Pawan Kumar Bansal on Thursday did not rule out another round of hike in passenger fares, saying a view on this will be firmed up in the next few days.

"We have to form our view on this (increasing rail fare) within next few days. We are working on it," Bansal told PTI after meeting Chidambaram when asked about the chances of further increase in passenger fares.

Bansal met Finance Minister P Chidambaram here and is understood to have discussed with him the financial implication of the increase in diesel price to the tune of Rs 10.80 per litre.

The meeting comes against the backdrop of the Railway ministry seeking Rs 38,000 cr as general budgetray support for the fiscal 2013-14. Railways had got Rs 24,000 cr as GBS in the current fiscal.

Keeping up the suspense on fare hike, he said, "No decision whatsoever of this type now. Just wait for Feb 26 (Rail Budget) for that, Bansal.

He, however, noted that the diesel price hike has put an additional burden of Rs 3,300 crore on railways.

The passenger fares, which were not increased for the last 10 years, were hiked from December 22 last year by 21 per cent. More

More from Sify: