Gear up for a costlier bus ride because the Pune Mahanagar Parivahan Mahamandal Limited (PMPML) is set to hike the fare soon. Of the 20 different issues that were supposed to be tabled at yesterday’s board meeting, fare hike was the most important one. But the meeting was deferred. PMPML officials said the primary reason behind the proposed hike is the hefty monetary loss of Rs 40 lakh, which the transport body suffers daily.

Last resort: PMPML officials say that despite undertaking cost-cutting measures, they have no option but to implement a fare hike to recover losses. File Pic

Rescheduled
“Today’s (Wednesday’s) meeting was rescheduled due to the ongoing code of conduct, implemented for the graduate and teachers MLC election in Pune. The primary reason we proposed the fare hike is to recover the monetary loss we are incurring daily. Factors like diesel and CNG price rise, shortage of spare parts and salary hike of PMPML officials and workers, among others, are responsible for the loss,” said PMPML Chief Executive Officer Mayura Shindekar.

He added that a few cost-cutting measures like purchasing lesser quantities of spare parts and fleet rationalisation are being undertaken so that the cost of maintenance goes down. “We are trying our best to recover losses, but we end up falling short. Hence we finally proposed a fare hike during the board meeting,” Shindekar said.

While the ticket price for the first stage of travel — 3 km — will remain untouched at Rs 5, the PMPML wants a hike of R5 for every successive 2 km. If implemented, the hike will help the transport body make around R30 lakh, leaving it with a deficit of Rs 10 lakh. The last fare hike was done in March 2013.