Pakistan Railways
ISLAMABAD: In response to the recent surge in petroleum product prices, Pakistan Railways has announced a 2% increase in the fares for both passenger and freight trains. The new fares will come into effect from February 17, impacting all classes of trains.
This decision follows the approval of a petrol price hike by the caretaker government on the recommendation of the Oil and Gas Regulatory Authority (OGRA).
Alongside the rail fare adjustment, the Punjab Transport and Mass Transit Department have also implemented a Rs5 increase in Orange Line fares with immediate effect.
The minimum fare has been raised from Rs20 to Rs25, while the maximum fare is now Rs45, up from Rs40. In addition to these changes, the Multan Metrobus System has seen a one-sided fare increase from Rs20 to Rs25.
The recent surge in fuel prices has prompted various sectors to reassess their pricing structures to cope with the economic impact. The caretaker government’s decision to raise the price of petrol by Rs2.73 per litre and High-Speed Diesel by Rs8.37 per litre has cascading effects on transportation costs, leading to fare adjustments in the railway and public transport sectors.
The continuous adjustments in prices across different sectors highlight the economic challenges faced by the country, prompting organizations and services to adapt to the changing cost dynamics influenced by global fuel prices and local economic conditions.
As the nation navigates through these challenges, such fare adjustments become a crucial aspect of maintaining the financial viability of essential services.
