LAHORE: Due to the recent rise in petroleum prices, train fares are expected to increase by 2 to 15 per cent, sources informed on Sunday.
According to sources the Federal Minister for Railways Sheikh Rasheed is likely to announce the increase soon.
Fares for AC sleeper trains will likely increase be 15 per cent, fares for AC business trains are expected to increase by 10 per cent and fares for the economy class are expected to increase by two to five per cent.
According to Railways officials, more than 0.4 million liters of diesel fuel is used daily for train operations and with an increase of Rs4.5 per litre, it will now cost an additional Rs2.25 million.
It is pertinent to mention that last year in December, Railways raised fares by 7 to 11 per cent.