The Ministry of Railways has now decided to revise passenger fare and freight tariffs linking it with Fuel Adjustment Component (FAC). The revised passenger fare will be effective from the midnight of 6TH October and 7th October 2013 (i.e 0000 hours of 7th October 2013). The revised freight tariff will be effective from the midnight of 9th October and 10th October 2013 (i.e. 0000 hours of 10th October 2013)
The assessed impact of FAC-linked revision is as under:
1. Passenger Fares:
Ø No increase in either Second Class Ordinary (Suburban) or Second Class MST fares;
Ø Fares for Second Class Ordinary (Non-Suburban) would go up by a maximum of ₹ 5/- in select distance slabs, while in the other distance slabs there would be no change in existing fares.
Ø In all other classes, the revised fares would be only about 2% higher than the existing fare.
Ø Anticipated incremental earning would be around ₹ 450/- crore in the balance six months of the financial year.
2. Freight Tariffs:
Ø An across-the-board increase of about 1.7% in freight rates.
Ø Anticipated incremental earning would be around ₹ 700/- crores in the balance six months of this financial year.
The detailed revised passenger fare table is available on the website of Indian Railways, namelywww.indianrailwsays.gov.in.
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