Fuel Crisis: KSRTC to run fewer ordinary bus services today

Fuel Crisis: KSRTC to run fewer ordinary bus services today

Representative Image | Photo: Mathrubhumi

Thiruvananthapuram: The ordinary buses of KSRTC will not conduct services on Sunday due to fuel shortage. This move is to facilitate the maximum number of buses on Monday when the number of passengers is high, by saving up on fuel. Only 40 per cent of ordinary buses conducted service on Saturday.

Meanwhile, there is a difference of Rs 100 crore between the income and expenditure of Kerala State Road Transport Corporation (KSRTC) in July. It is clear from the balance sheet that apart from the Rs 50 crore lent by the government, KSRTC management also spent Rs 50 crore borrowed as a loan to pay the salaries for the month of June and to meet the expenses to buy fuel.

By cutting down on expenses and revamping the duty pattern, the income from the services conducted by KSRTC buses has increased. The average income from a bus in July is Rs 14,873, which is higher than the revenue generated by a private bus with considerable good collections. This month’s ticket revenue is around Rs 172.69 crore. Income other than from tickets through advertisement and so is Rs 13.85 crore. The total income is about Rs 186.45 crore, whereas the total expense stands at Rs 285.66 crore. Rs 102.20 crore was spent on fuel, and Rs 67.38 crore was used to pay salaries for May and June.

The overdraft taken in June was repaid along with an interest of Rs 50.47 crore. Rs 30 crore as consortium loan repayment. Rs 1 crore is needed for FASTag alone.

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