Electricity tariff hikes on cards as freight charges add to cost of coal
The railways has projected freight revenue of R93,554 crore, which is 8.8% higher than the budget estimate of the current year.
The railways had estimated freight revenue of R85,956 crore in the 2012-13 budget. But as per revised estimates, it could face a shortfall of 4%, R3,383 crore in the targeted revenue.
Bulk diesel sales are roughly 20% of the total market for the fuel. While the recent R10/litre hike in diesel prices has added to the railways’ fuel costs, power tariff hikes have also impacted it.
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