Diesel Impact: escalation of crude oil is the major reason for the RTC sector loss

Diesel Impact: escalation of crude oil is the major reason for the RTC sector loss
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APSRTC vice chairman and managing director NV Surendrababu has said that the RTC is incurring a loss of Rs 3 crore per day

APSRTC vice chairmanand managing director NV Surendrababu has said that the RTC is incurring a loss of Rs 3 crore per day.

Speaking to reporters here on Tuesday. he said escalation of diesel prices etc are the reason for getting loss. RTC is purchasing as many 30 crore litres of diesel per year.

Cardless transactions will be introduced shortly. This year it was targetted to get 75 crore income through Cargo wing. Plans are afoot to accept cargo parcels at mandal level through commission agents.nd
Moreover, RTC is also contemplating to provide CC cameras in all buses.

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