9 hours ago
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The caller crisp summation successful diesel prices has imposed an further load of astir ₹40 crore connected Karnataka’s 4 State-run Road Transport Corporations (RTCs) wrong conscionable 10 days, State Transport Minister Ramalinga Reddy said.
Speaking to The Hindu, Mr. Reddy said that the continuous emergence successful substance prices was worsening the fiscal wellness of the 4 RTCs successful the State. “In the past fewer days, diesel prices person accrued by ₹7.82 per litre. Due to the archetypal 3 hikes alone, the 4 RTCs person already incurred an further expenditure of astir ₹25 crore. Since substance prices person again been accrued connected Monday, the losses volition further summation successful the coming days,” helium said.
He further said that the wide further load connected the RTCs implicit the past 10 days, till Monday, aft the summation successful substance prices had reached astir ₹40 crore. “If substance prices proceed to emergence successful the coming days, the load connected the transport corporations volition go adjacent much severe. On a monthly basis, the further load could interaction astir ₹480 crore,” Mr. Reddy added.
Despite the mounting losses, the Minister clarified that determination was presently nary connection earlier the authorities to summation autobus fares.
“There volition beryllium nary autobus fare hike arsenic of now. Normally, the respective RTC takes a determination and sends a connection to the committee seeking support for a fare revision. So far, nary RTC has submitted immoderate specified proposal,” helium said.
Petrol and diesel prices were hiked for the 4th clip successful 10 days connected Monday (May 25, 2026), with substance rates expanding by astir ₹2.7 to ₹2.8 per litre crossed variants. In Bengaluru, petrol prices roseate to ₹110.93 per litre from ₹108.09 (May 24), portion diesel prices accrued to ₹98.80 from ₹95.99 per litre.
According to elder transport section officials, substance and worker expenses already relationship for a large stock of RTC expenditure. “At present, 83.64% of the RTCs’ gross is spent connected unit salaries and diesel expenses. With diesel prices expanding continuously, the stock of substance expenditure successful the wide gross volition emergence further and enactment further unit connected the corporations’ finances,” an authoritative said.
Officials added that the 4 RTCs unneurotic devour astir 1,638 kilolitres of diesel each day, making substance terms fluctuations a large interest for the nationalist transport assemblage successful the State.
