Hyderabad: The Minister for Transport, Mr. Botsa Satyanarayana has said that it has now become necessary on the part of the APSRTC to hike the bus fares as the additional burden imposed on the Corporation due to the recent hike in the price of diesel has become unbearable.
Talking to newsmen here on Monday the minister has however assured that the government would ensure that the common man was not burdened too much. He said that a decision would be taken on the fare hike in two or three days and added that the decision would be acceptable to all.
Mr. Satyanarayana said that the hike in diesel price by the Centre would definitely have some financial impact on the government run APSRTC which was already in losses. The RTC might have not other option but to raise its fares. But, the government would take care that the hike of bus fares would minimum and would not cause problem to the poor.
The minister has also stated that there was need for people to understand the financial implications on the RTC after the hike of diesel price. Claiming that the RTC was running with service motto and not for making profits, he however said that the organization would have to meet its own expenditure. He has pointed out that APSRTC was one of the biggest public transport system in the country and said it had insulated prices in fuel and spares several times in the past.