Odisha Sun Times Bureau
Bhubaneswar, Aug 1:
With Indian Oil Corporation Ltd (IOCL) announcing reduction in the price of diesel by Rs 3.60 per litre with effect from Saturday, bus fares in Odisha were reduced under the automatic mechanism today.
The public sector il company had slashed petrol and diesel prices yesterday following a fall in international crude oil prices consequent to the Iran nuclear deal.
This is the third time bus fares in the state have been revised after the automatic mechanism was adopted by the government in June this year.
According to a notification by the Commerce and Transport department, the fare for ordinary and express buses has been reduced by two paise per km and that of delux and AC delux buses by 4 paise per km.
The fare for ordinary buses has been reduced from 58 paise to 56 paisa per km, express buses from 61 paise to 59 paise, delux buses from 80 paise to 76 paise and AC delux buses from Rs 1.01 to 97 paisa per km.
It may be mentioned that the state government had announced the implementation of the automatic mechanism for revision of fares on June 4 this year conceding a long-standing demand of the All Odisha Private Bus Owners’ Association.
Under the automatic mechanism system, rise and fall in bus fares would be determined based on the rise and fall of fuel prices.