Our Bureau

New Delhi, Nov. 8

The Railway Minister on Wednesday said that there would not be any reduction of freight rates owing to fall in global crude prices.

On whether the freight rates would come down given the declining trend of global crude prices,

Mr Prasad replied in negative. "We have not increased fare even when oil (diesel) prices were raised.

"We purchase diesel worth about Rs 6,000 crore and the loss was compensated through other sources," the Railway Minister, Mr Lalu Prasad, said addressing the Economic Editors' Conference here.

(This article was published in the Business Line print edition dated November 9, 2006)
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