In the aftermath of Thursday night’s significant spike in the cost of petroleum goods, Pakistan Railways requested a 20% hike in tickets to cover the additional load on its diesel purchase bill, sources said on Friday.
They further stated that a meeting led by Railway Minister Khawaja Saad Rafique on Saturday (today) would make the final decision on hiking the fare. They went on to say that the fare hike would affect practically all passengers.
Every year, the Railways spends Rs20 billion on diesel for passenger trains and freight operations. Senior railway officials estimate that the new increase in petroleum product prices will push the fuel expense up to Rs23-24 billion.