Telangana RTC is gradually coming out of the quicksand of losses. The change seems to be with the announcement of discounts and offers from time to time. This time the losses are slightly lower compared to last year. The loss for 2021-22 was Rs 1,986.86 crore. This is a decrease of Rs 342.37 crore compared to 2020-21. Changes have been seen in the company since VC Sajjanar took over as RTC MD. Losses seem to have been reduced somewhat with measures such as cargo services, discounts, offers, and running own buses.
The loss is expected to decrease significantly in the current financial year. The RTC has imposed a burden on passengers in the name of diesel cess and fare hike. Those who travel to distant places will have to pay a large amount of cash. This is expected to increase revenue slightly and reduce losses. At present, officials say, it is fetching an average of Rs 14 crore a day. The number of people using public transportation is increasing due to the corona. The daily income during Kovid was Rs. 3 crore to Rs. 4 crore and has now increased from Rs. 12 crore to Rs. 14 crore. Occupancy reached 70 percent. The RTC, which had earlier hiked fares in the name of roundup, toll plazas and passenger cess, once again imposed a burden on passengers in April under the name of diesel cess.
It is learned that Palle Velugu and City Ordinary services have been increased by Rs 2 per passenger on diesel, Express, Deluxe, Super Luxury, City Metro Express, Metro Deluxe and AC services by Rs 5 per passenger. The TSRTC wanted to impose a ‘diesel cess’ in order to get out of the quagmire of losses. In fact the RTC has been at a loss for the past few years. In addition, the company suffered severe losses due to corona fluctuations.