Indian Railways decided to revise passenger fare and freight tariffs linking it with Fuel Adjustment Component (FAC). The revised passenger fare will be effective from the midnight of 6TH October and 7th October 2013 (i.e 00:00 hours of 7th October 2013). The revised freight tariff will be effective from the midnight of 9th October and 10th October 2013 (i.e. 00:00 hours of 10th October 2013). This revision happens because of Railway Budget for 2013-14, the proposal to implement Fuel Adjustment Component (FAC)-linked tariff revision, bi-annually in sync with movement in fuel costs in either direction was introduced.
Following are the revised train fare details
Passenger Fares Increment Details
- No increase in either Second Class Ordinary (Suburban) or Second Class MST fares;
- Fares for Second Class Ordinary (Non-Suburban) would go up by a maximum of 5/- in select distance slabs, while in the other distance slabs there would be no change in existing fares.
- In all other classes, the revised fares would be only about 2% higher than the existing fare.
- Anticipated incremental earning would be around 450/- crore in the balance six months of the financial year.
Freight Fare Increment Details
- An across-the-board increase of about 1.7% in freight rates.
- Anticipated incremental earning would be around 700/- crores in the balance six months of this financial year.