VIJAYAWADA: The financial woes of beleaguered Andhra Pradesh State Road Transport Corporation (APSRTC) is set to become worse with continuous rise of fuel prices and the revenue share demand from the state government.
The state-run transport corporation had to give revenue share to the state government in lieu of merger of employees into the government. However, with 40 per cent rise in fuel prices in last one month, increase in maintenance costs, mounting debts and short fall in revenues, financial crisis is looming large on APSRTC.
