The Karnataka government has requested the Transport Department to submit a comprehensive report on the losses incurred by the State-run road transport corporations (RTCs) following the recent fuel price hike. This move comes amid speculation over a possible revision of bus fares in the state. The RTCs have been struggling financially due to the increased fuel prices, which have been exacerbated by the ongoing conflict in West Asia.
Chief Minister D.K. Shivakumar said that the RTCs were suffering huge losses due to the hike in diesel prices. He also mentioned, “We also need to take care of the employees.” Additionally, the corporations have faced revenue collection challenges over the past three years, particularly since the implementation of the Shakti scheme, which allows free travel for women. The scheme was introduced by the state government as one of its five guarantees.
