Karnataka mulls 15% bus fare hike to ease financial strain, KSRTC reports ₹295 crore loss: Report
Hindustan TimesKarnataka’s state-run transport corporations, including KSRTC and BMTC, are on the brink of a crucial decision as a high-level committee has proposed a 15 per cent increase in fares. While three of them saw a hike in 2020 when diesel prices hit ₹60 per litre, BMTC fares have remained unchanged since 2010, when diesel was just ₹30 per litre. Officials point to the combined impact of surging fuel costs, higher prices for automobile parts, and the implementation of the Shakti scheme, a government initiative providing free bus travel for women, as key contributors to this deficit, the report added. Transport Minister Ramalinga Reddy, while reaffirming the government’s commitment to the Shakti scheme, admitted that BMTC faces daily expenses of ₹40 crore while generating just ₹34 crore in revenue.