TSRTC officials told Chief Minister K. Chandrashekar Rao that the corporation’s losses were continuing due to the increase in price of diesel and the lockdown impact while it was still awaiting its dues being cleared.
They explained that if salaries of the corporation employees were increased, there would be a heavy financial burden on the TSRTC. They made it clear that unless the government extends major financial assistance to the RTC and ticket prices are raised, then the financial burden cannot be reduced.
The matter came up during a review meeting here on Thursday with transport minister Puvvada Ajay, Chief Secretary Somesh Kumar, principal secretaries Sunil Sharma (transport) and Ramakrishna Rao (finance), financial advisor Ramesh, cargo special officer Krishna Kanth and executive director Yadagiri.
“The last time when fares were increased, the price of diesel was Rs 67 per litre. It has increased by Rs 15. The RTC is not in a position to bear the burden if…