The Communist Party of India (Marxist) (CPM) has said the government should revise the passenger fares after steep decrease in the petrol and diesel prices. The party in a statement said while with every increase of diesel prices, the transporters had been demanding revision of fares, now the reverse should also follow.
CPM general secretary Sham Prasad Kesar said that it is strange that the authorities are silent on the issue while it's their duty that the common people should get full benefit from the falling crude prices. He said the authorities should immediately issue new rate list for the bus fares. He said even the cost of essential commodities should come down as the transport for the import and export has become cheaper.
Kesar said decrease in petrol and diesel prices is not commensurate with the 55% reduction in global crude prices. Kesar also pointed out that the Centre has for the fourth time since November hiked excise duties on petrol and diesel which will bring revenue of Rs 20,000 crore.
"Thus instead of the people of India benefitting from the 55% decrease in the global price of crude oil since June 2014, the government is exploiting the situation to fill its own coffers,"
Meanwhile, DC Kathua Shahid Iqbal has constituted a committee to review passenger fares. The committee to be headed by regional transport officer has been directed to submit its report by January 27. It's being believed that fare could come down by about 10%.