The Maharashtra government has approved a 13.56 per cent increase in Maharashtra State Road Transport Corporation (MSRTC) bus fares, citing rising operational costs, including higher diesel prices, employee expenses and maintenance costs. The revised fares have been cleared by the State Transport Authority and will take effect immediately, while the earlier 10 per cent seasonal fare hike on ordinary buses will be withdrawn.

Transport Minister Pratap Sarnaik said the fare revision had become necessary due to the sharp increase in diesel prices, which he attributed to the prevailing geopolitical situation in West Asia. He added that the corporation has also been facing higher expenditure on employee allowances, vehicle spare parts and tyres. According to the minister, the fare increase has been implemented in a manner intended to minimise the financial burden on passengers while helping sustain public transport services.

Sarnaik said the decision is aimed at strengthening the financial position of the MSRTC and ensuring that it continues to provide safe, reliable and uninterrupted transport services across Maharashtra. He noted that maintaining the corporation’s extensive bus network requires adequate financial support, particularly at a time when operating costs have risen significantly.

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The MSRTC also defended the fare hike, stating that the increase was unavoidable to maintain its financial sustainability. The corporation said escalating fuel prices and maintenance expenses have placed considerable pressure on its daily operations. It added that the revised fares would help preserve essential passenger services, maintain safety standards and improve the quality of transport provided to millions of commuters across the state.

The increase comes against the backdrop of volatility in global crude oil prices amid tensions in West Asia. International oil markets have witnessed sharp fluctuations following military developments in the region, with Brent crude prices remaining sensitive to geopolitical events and shipping movements through the Strait of Hormuz. Higher fuel costs have affected transport operators across sectors, prompting governments and public transport agencies to review fare structures.

With the revised fare structure now in place, the Maharashtra government expects the additional revenue to support the continued operation of the state's extensive bus network while balancing the need for affordable public transport. The withdrawal of the seasonal fare surcharge on ordinary buses is expected to partially offset the impact of the new fare revision for regular passengers.

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