Fuel bill of Railways have increased: Adhir

Last Updated: Thu, May 02, 2013 17:49 hrs

Minister of State for Railways Adhir Ranjan Chowdhury on Thursday said an increase in the rates of High Speed Diesel (HSD) oil in Jan 2013 has added Rs. 3,300 crore to the annual fuel bill of Railways.

"With a view to rationally insulating Railways' finances, particularly in the context of deregulation of HSD oil, a dynamic pricing mechanism has been introduced for adjusting tariffs in sync with movements in fuel cost," Chowdhury in written reply to a question in Lok Sabha on Thursday.

"The Ministry of Railways is targeting economy in fuel bill by improving fuel efficiency, better management and utilizing state-of-the-art technologies like guidance for optimized locomotive driving technique, provision of auxiliary power unit, electronic fuel injection etc., introduction of alternate fuel like bio-diesel, CNG etc," he said.

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