Hyderabad: Chief Minister K Chandrashekhar Rao held a meeting with the officials of TSRTC and Energy Department on Tuesday. Officials told the Chief Minister that the Corporation is facing an additional burden of Rs 550 crore due to Corona pandemic and rising diesel prices. Which is causing huge damage.
The corporation has suffered a loss of Rs 3,000 crore as revenue due to the lockdown. The prices of diesel spare parts have also gone up in recent times. This is causing a loss of Rs 600 crore annually. In Hyderabad alone, there is a loss of up to Rs 90 crore every month. Although there was a proposal to increase the ticket fares in March 2020, it was not implemented due to the pandemic. Officials said that the government is already taking care of the welfare of the employees and they are not ready to put any more burden on the government. He said that if the fares are not increased then it will become difficult for the RTC to survive.
The chief minister asked the officials to come out with a report before the next cabinet meeting and a decision would be taken after discussing it. Energy Minister G Jagadesh Reddy said that the power utilities have suffered huge losses due to the Corona lockdown. He said that there has been no increase in prices in the last two years. Officials said there is no other option but to increase the prices to save power utilities.