The Pakistan Railways proposed an increase of 20% in its fares in the wake of Thursday night’s massive increase in the prices of petroleum products to meet the additional burden on its diesel purchase bill, sources said on Friday.
They also said that final decision of raising the fare would be taken in a meeting on Saturday (today), which would be chaired by Railway Minister Khawaja Saad Rafique. They added that the fare increase would apply to almost all passengers.
The Railways purchases diesel worth Rs20 billion annually for its passenger trains and freight operations. According to senior railway officials, the latest increase in prices of petroleum products would increase the fuel bill to Rs23-24 billion.