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KSRTC likely to get exemption on diesel price

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KSRTC likely to get exemption on diesel price
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Thiruvananthapuram: Finding it difficult to operate with the crisis, the Central government is likely to consider the State government’s request to exempt the KSRTC from the hike in price of diesel.

The Chief Secretary, in a special meeting of the Cabinet on Wednesday has informed that the Central government has given green nod to its request. The State government has recommended the KSRTC to drop its plan to reduce its service schedule on routes that are financially unviable.

According to sources in KSRTC, the current round of hike in diesel price for bulk users would cast an additional burden of Rs 180 crore on it by modest estimate, forcing it to choose between hard options like cutting down services or effecting a steep fare hike.

The Centre's decision to allow oil companies to deregulate diesel prices for bulk purchasers has dealt a blow to the Kerala State Road Transport Corporation forcing the loss-making public utility to drastically cut its services across the state.

Chief Minister Oommen Chandy had already written to Prime Minister Manmohan Singh about the need to reconsider the decision to deregulate diesel prices for bulk users.

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