A research note by India Ratings & Research, a Fitch group company, says the West Bengal government will have to do a steep 136% hike in passenger fare to break-even. Interestingly, Orissa SRTC will be the only one that will make of profit of R10 crore without even hiking the fare, now as the state has been marginally increasing the fare and the fleet has better fuel efficiency. In fact, of the 33 reporting SRTCs, only 14 have improved on fuel efficiency ranging from 0.01 km per litre in Karnataka, Rajasthan and Nagaland to 0.14 km per litre in Bihar and Mizoram. Also, the cost of fuel as a proportion of total costs varies significantly across different SRTCs, ranging from 8.4% for Mizoram and 51.4% for Orissa. A staggered price hike will only save the beleaguered SRTCs from going bankrupt.