Bus fare will not be slashed to Rs 5 from R8 anytime soon. The Brihanmumbai Electric Supply & Transport Undertaking had on Thursday presented a proposal to revise base fare, which was scrapped by the members of the BEST Committee who met on Friday.

The BEST had pitched the proposal after BMC Commissioner Praveen Pardeshi and leaders of Shiv Sena and BJP had offered to provide a fund of R600 crore if the fleet of buses was raised to 7,000 and the fare was reduced to R5 from current R8. The move was aimed at improving bus service and promoting use of the public transportation in city. However, the panel, which includes Sena and BJP leaders, asserted that the proposal was pitched in a haste.