Fuel prices are making record highs almost daily, so are the losses for city bus transportation undertakings. The rising price of diesel is making it difficult for the government city bus transport entities to manage the show while keeping the financial health of the organisation intact.
Already, all the city bus transport undertakings are bleeding due to various factors – competition from app-based cab services, rising road congestion, increase in fuel prices, reducing ridership, rising administrative cost, etc.
“What option do we have? What can we do in case of rising fuel prices?” asked Surendra Kumar Bagde, general manager, Brihanmumbai Electric Supply & Transport Undertaking (BEST), which runs city bus service in Mumbai.
“We have to continue with our daily operations as they are,” he said. Read More