Electricity tariff hikes on cards as freight charges add to cost of coal
fe Bureau: New Delhi, Feb 27 2013, 01:20 IST
India, said: “The increase in freight is likely to have a marginal impact on the transport cost of foodgrains.” Railways carries a major chunk of grains to be distributed to poor families under the targeted public distribution system.
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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