Fuel price hikes to put Rs 30 cr a year burden on BEST

The recent hikes in the prices of diesel and compressed natural gas will add Rs 30 crore per year to the financial burden of the cash-strapped Brihanmumbai Electric Supply & Transport (BEST) undertaking.

Of the 4,524 BEST buses, 1,545 run on diesel and 2,979 on compressed natural gas. The price of the green fuel increased on November 1 from Rs 33.10 to Rs 33.95 per kg. BEST will now get compressed natural gas at a subsidised rate of Rs 33.25 per kg.

"Mahanagar Gas waives 70 paise per kg on compressed natural gas for BEST. The subsidy will continue. BEST will have to bear an additional burden of Rs 50.6 lakh per month," a BEST statement said.

Similarly, the cost of diesel increased in September by Rs 5, adding Rs 13.42 crore to BEST fuel expense this year and Rs 24 crore next year. The undertaking needs 3130.58 kilo litres of diesel per month and 59,56,155 kg of compressed natural gas.

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