ISLAMABAD: Pakistan Railways announced on Wednesday that it has increased fares for passenger, express, and mail trains, marking the second fare hike within 15 days, according to news reports.
According to a notification issued here, Pakistan Railways will implement a 2 percent fare increase for express and passenger trains starting July 4. The notification also states that the 2 percent hike will apply to bookings.
Pakistan Railways decided in response to the rising prices of petroleum products, including diesel. According to an official, the department had been facing a monthly loss of approximately Rs 109 million due to the increasing cost of diesel.
The railway department has issued directives to the Director of IT and the Divisional Superintendent (DS) to ensure compliance with the updated fares.
It is worth noting that Pakistan Railways increased passenger train fares by 3 percent and freight train fares by 4 percent on June 18.
The federal government increased petroleum product prices for the ongoing fortnight ending July 15, raising the petrol price by Rs 8.36 per litre.
According to a notification issued by the Ministry of Finance, the government raised the petrol price by Rs 14.80 per litre, setting the new price at Rs 266.89 per litre.
Similarly, the government raised the price of high-speed diesel by Rs 10.39 per litre, setting the new rate at Rs 272.98 per litre.
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