The recent rise in petroleum prices has led to an increase in train fares by Pakistan Railways, effective July 19, 2024. Passenger train fares have been raised by 1%, while freight train fares have increased by 2%. This adjustment follows the government’s decision to raise petrol prices by Rs. 9.99 per liter, setting the new price at Rs. 275.60 per liter. High-speed diesel prices have also increased by Rs. 6.18 per liter to Rs. 283.63 per liter, and kerosene oil prices have risen by Rs. 1.83 per liter.
The fare hikes will affect all classes of passenger trains, including economy, AC standard, AC business, and AC parlor, as well as mail, express, and intercity trains, including those operated under public-private partnerships. Divisional superintendents have been directed to update fare tables accordingly. It is noteworthy that there was no fare reduction when petroleum prices decreased, but the recent increase in fuel prices has led to an immediate rise in train fares.
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Additionally, freight rates were previously increased by 3% starting July 3, 2024. This adjustment followed the announcement of record revenue generation by Pakistan Railways for the financial year 2023-24, with earnings of Rs. 88 billion, representing a 40% growth from the previous year’s revenue of Rs. 63 billion. The government’s revenue target of Rs. 73 billion was surpassed by Rs. 15 billion.
