The Telangana State Road Transport Corporation (TSRTC) has sought over ₹ 1,500 crore and will decide on procurement of buses after funds are sanctioned in the upcoming State Budget session.
TSRTC Managing Director V C Sajjanar confirmed the development to The Hindu. “We have asked for ₹ 1,560 crore in this budget session. We will decide on bus procurement after the budget session,” he said.
As was reported in these columns, the transport juggernaut, a bulk buyer of fuel, finds itself in a precarious position with oil marketing companies hiking the price per litre of high-speed diesel by ₹ 7. Losses are inevitable. With the per-day diesel consumption being approximately 5.5 lakh litres, which has fluctuated in the recent past on account of the pandemic, the TSRTC is staring at per-day losses which could be between ₹ 35 lakh and ₹ 40 lakh.
