The Hindu Business Line : Bus fare hike likely in AP

The State Government issued orders on Friday authorising the AP State Road Transport Corporation (APSRTC) to hike bus fares to cope with increasing oil prices.

Addressing a press conference here on Sunday, Mr Gone Prakash Rao, Chairman of the corporation, and Mr M. Krishna Rao, Managing Director, did not mention when the hike would be implemented.

The board of directors of the corporation will meet this month to decide on this issue. For the nine months ending December 31, 2005, the corporation registered operational losses of Rs 38 crore as against Rs 240 crore for the whole of 2004-05, Mr Krishna Rao said.

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