Bengaluru Metropolitan Transport Corporation suffers Rs 88 lakh daily loss


Bengaluru Metropolitan Transport Corporation suffers Rs 88 lakh daily loss

Decline in ridership and increase in operational costs, not to mention mounting fuel bills, is resulting in the Bengaluru Metropolitan Transport Corporation (BMTC) suffering a daily loss of Rs 88 lakh.

“In the past two months, diesel prices went up several times. Hence, we have not dropped the proposal regarding hiking fares,” V Ponnuraj, managing director at BMTC told ET.

The cost per kilometre (CPKM) and earnings per kilometre (EPKM) – a yardstick BMTC uses to assess performance every month — has shown an alarming gap between April and August this year.

The corporation is losing a whopping Rs 18.31 per km from air-conditioned buses and Rs 6.31 per km from non-air conditioned buses. The cumulative loss stands roughly about Rs 88 lakh a day, as the AC buses run 1.35 lakh km a day and the ordinary buses run close to 10 lakh km a day. Read More

Leave a Reply

Your email address will not be published.