News/City Updates

Rise in diesel prices troubles APSRTC

The hike in diesel price is showing effects on the Andhra Pradesh State Road Transport Corporation (APSRTC) revenues.

The APSRTC is facing an increase in expenditure as the corporation is using diesel which is worth more than Rs 8 Lakh every day. Due to the rise of over Rs 5 in fuel prices in the last one month, more than Rs 10 crore of loss was observed by the state’s RTC. Earlier, Rs 30 crore worth diesel was being used by the transport corporation per annum and at a quantity of 2.5 crore litres monthly on an average. Now, with the hike in the prices, APSRTC is forced to pay Rs 10 crore extra.

APSRTC chairman Varla Ramaiah said, “We have reduced our operational losses from Rs 790 crore to Rs 450 crore in the last financial year. In the same period we have lost about Rs 210 crore because of the hike.” 

A slight relief has been brought on the people of Andhra Pradesh as the AP government reduced the price of Petrol and Diesel by Rs 2.

The Chief Minister of Andhra Pradesh, Nara Chandrababu Naidu has issued the orders regarding the price reduction around 3.30 pm today. The decision has been taken during the nationwide protests against the hike of fuel prices in the country.

Continue Reading

This post was last modified on %s = human-readable time difference 12:12 pm

Share
Leave a Comment

Recent Posts

India’s largest convention centre will come up in Visakhapatnam: Nara Lokesh

During the AP Assembly session on 21 November 2024, IT and HRD Minister Nara Lokesh…

13 mins ago

2nd Infosys campus to new data units: Lokesh shares 5 key IT developments in Visakhapatnam

Andhra Pradesh's IT and HRD Minister, Nara Lokesh, has revealed a series of exciting IT…

1 hour ago

Badamgir Sai passes away

Noted stage artiste and founder of Rangasai Nataka Sangam and Rangasai Nataka Grandhalayam, AVVS Murthy,…

2 hours ago

What Are The New Releases on OTT Today? Here’s What to Add to Your Watchlist

A slew of fresh and exciting OTT releases are dropping today, promising a binge-worthy lineup…

17 hours ago

Hot & Hearty: The best soups in Visakhapatnam that complements this weather!

With the weather taking a turn these past couple of days, it’s like Visakhapatnam has…

18 hours ago

Plan a trip from Vizag to these 5 skiing destinations in India this winter

Dreaming of swishing down powdery white slopes with crisp mountain air in your lungs? While…

18 hours ago