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Homechevron_rightKeralachevron_rightCrisis in KSRTC to be...

Crisis in KSRTC to be solved by Wednesday

Crisis in KSRTC to be solved by Wednesday

Thiruvananthapuram: Transport Minister Aryadan Mohammed on Friday said a decision to solve the KSRTC crisis would be taken by the government by Wednesday.

The Minister held discussions over the phone with Union Petroleum Minister Veerappa Moily on the issue and the crisis faced by the KSRTC.

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.

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