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LTC declares 9.24% fare cut on petrol-run and 6.68% on diesel-run vehicles

byCustoms Today Report
03/02/2015
in Business
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LAHORE: Lahore Transport Company (LTC) has announced 9.24 per cent fare cut on petrol-run vehicles and 6.68 per cent has been declared for the diesel-run as the prices declined recently in the country.
Similarly, the goods transporters also announced a seven per cent reduction in the fares of the intercity service. However, there are also reports of non-compliance of the new fares schedule by the urban transport owners on the pretext of non-receipt of a formal notification.
According to the revised fare structure issued by the LTC, the fare of non-AC diesel buses (High Occupancy Vehicles) for stage-1 (0 to 4 km) will now be Rs11, stage-2 (4.1 to 8 km) Rs15, stage-3 (8.1 to 14 km) Rs19, Stage-4 (14.1 to 22 km) Rs23 and for Stage-5 (22.1 to 30 km) it will be Rs28.
Similarly, the fare for stage-1 (0 to 4km) of Low Occupancy Vehicles (LOC) vans/mini-buses will be Rs11, for stage-2 (4.1 to 8 km) Rs13, stage-3 (8.1 to 14 km) Rs17, stage-4 (14.1 to 22 km) Rs20, stage-5 (22.1 to 30 km) Rs24 and for stage-6 (30.1 and above km) it will be Rs29.
On the other hand, a number of transporters reportedly didn’t implement the revised fares, stating that they didn’t receive any notification till Sunday evening. They said they would implement the fares as soon as they received the LTC notification.
According to the LTC authorities, those found involved in non-compliance of the revised fare notification will be punished strictly.
“This won’t be tolerated that the transport owners continued to charge the old fares despite the reduction in POL prices,” LTC Chairman Khawaja Ahmad Hassan said.
He said the reduction in petroleum prices would leave a significant impact not only on public transport fares but also on essential items’ prices. He said the government wanted to provide prompt relief to the public.

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