MSRTC Considers Fare Hike Amid Soaring Fuel Costs

Amid escalating fuel prices, the Maharashtra State Road Transport Corporation (MSRTC) is evaluating a potential fare hike for passengers. Speaking on the matter, Transport Minister and MSRTC Chairman Pratap Sarnaik revealed that no immediate fare increase is planned as per a statement from his office.

During a meeting at Mantralaya, chaired by Minister Sarnaik, senior MSRTC officials, including Vice Chairman and Managing Director Dr. Madhav Kusekar, discussed the implications of increased diesel costs. Sarnaik highlighted the anticipated additional annual financial burden of Rs 124 crore due to a Rs 3.10 per litre hike in diesel prices.

MSRTC consumes roughly 10.87 lakh litres of diesel daily. The recent price surge has resulted in an additional daily expenditure of Rs 33.7 lakh, translating to about Rs 10 crore monthly. April 2026 alone saw a Rs 76 crore loss, signalling financial challenges for MSRTC. Future fare adjustments tied to fuel price fluctuations will require State Transport Authority approval. Alternatives like e-buses and cost control are being considered to ease the impact on passengers.

(With inputs from agencies.)