Bus Fare Hike: Big news for bus passengers. Following the recent price increase of Nandini milk and yoghurt in Karnataka, the government is now contemplating a rise in public transport bus fares. State Transport Minister Byrathi Suresh announced that a meeting has been arranged with officials from the state’s four transport corporations at Double Road in Bengaluru.

This meeting is set to take place on Tuesday evening. A decision regarding the fare increase for public buses across the state will be made during this session. An official statement will be issued shortly after the decision is finalised. Citing the surge in diesel prices, Transport Minister Byrathi Suresh revealed that the four transport corporations have collectively faced a loss of Rs 9,000 crore. He further explained that the transport corporations are enduring an approximate annual loss of Rs 2,000 crore.

The decision will be made this evening

He stated, “We will deliberate in the meeting whether there is a necessity to raise fares and by how much. A decision will be reached this evening. You will receive information about it tomorrow.” He also commented on the central government’s diesel price increases, noting that diesel prices have been raised five times in the past nine months, causing a Rs 9,000 crore loss for Karnataka’s four transport corporations. Additionally, he reiterated that the transport corporations are losing about Rs 2,000 crore each year.

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He added, “We need to pay our employees’ salaries, purchase diesel, and cover other expenses, so it is becoming very challenging for us.” As a result, bus fares in Karnataka may be increased soon.