When last week, the NDA government trimmed the excise duty, there was a collective sigh of relief from Indian citizens. Right after the excise duty cut, many states also decided to lower their petrol and diesel prices. However, the ‘achche din’ were short lived as today, once again, prices of petrol and diesel were hiked.
Fuel rates are rising due to boiling international crude oil and weak rupee. Interestingly, this is something that is not really worrying the Indian Railways. Why? Railways have set a plan in motion that is helping it save massive amounts on fuel costs.
According to a Times of India report, to tide over the pinch of surging fuel prices, the Southern Railway has implemented a technology that draws power from overhead lines for electrical appliances in Linke Hoffman Busche (LHB) coaches.
This smart move which is incorporated in 23 rakes, has reportedly resulted in savings of about Rs 1 crore per month on fuel alone. Read more