Revision of Passenger Fare & Freight Rate will Come into Effect from 25.6.2014
The Railway passenger fare and freight rate revision was done as part
of interim budget presented by the previous government. But the
implementation of revised rates was withdrawn by previous regime because
of the elections. Meeting the annual expenditure would not be possible
unless the revised rates as finalized by previous government is
implemented, hence order of withdrawing implementation of revised fare
and freight has been withdrawn. Accordingly, the revised passenger fare
and freight rates & freight structure rationalization will come into
effect from 25th June 2014 (i.e. w.e.f. 0000 hours of 25th June 2014).
In nutshell, following are the changes to be effective from 25th June 2014 (i.e. w.e.f. 0000 hours of 25th June 2014).
FREIGHT :
A flat 5% increase in freight rates and an additional increase of
1.4% on account of FAC (Fuel adjustment Component) which was due since
April 2014. The overall increase in freight rates will be 6.5% approx
.for major commodities.
Withdrawal of short lead concession in charging of freight for all
traffic booked upto 100 kms. Minimum distance for charge has been
increased from existing 100 kms to 125 kms.
The number of Low Rated Classes have been reduced from 4 to 3. Certain
concessions in case of some of these commodities has also been
withdrawn.
PASSENGER :
A flat 10% increase in all classes. There will be no increase upto
minimum distance for charge. In addition there will be an increase of
4.2% in fares on account of FAC which is due from April 2014.
Second Class Monthly Season Ticket (MST) fares of Suburban and
Non-suburban shall be charged on the basis of 30 single journeys instead
of approximately 15 single journeys. Fares of First Class Monthly
Season Tickets will be charged @ 4 times the Second Class Monthly Season
Tickets (MST) Fares as is done presently. Revised fare shall also be
applicable as per the existing method of computation on Quarterly Season
Tickets (QST), Half Yearly Season Tickets (HST) and Yearly Season
Tickets (YST), etc. these revisions have been shown in the Season
Ticket Fare Tables.
Other Charges:
There shall be no change in charges for reservation fee, superfast
surcharge etc. Such charges, wherever applicable, shall continue to be
levied additionally as per existing instructions.
Service tax will continue to be levied as applicable as per instructions issued in this regard.
The revised fares will also apply to tickets issued in advance for journeys to commence on or after 25.06.2014.
In the case of tickets already issued at pre-revised rates, the
difference in fares and other charges on or after 25.06.2014 will be
recovered either by TTEs on the trains or by the Booking/Reservation
Offices before the commencement of journey by passengers.
Source : PIB
