Luxury Train tickets’ price may fall in off-season
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In recent months,
Railway minister
"We can have a mechanism where we reduce the fares before a day or two so that all unreserved seats could be filled. We are yet to figure out the contours of this proposal,” a top railway official told ET.
Railways recently introduced surge pricing where tickets prices increase according to demand but it had a cap, which is 1.5 times of the base fare. Due to increased fares, the difference between the rail tickets and air tickets on certain routes has come down as low as Rs 500.
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The national transporter is apprehensive that it could lose more passengers to airlines in the wake of the regional connectivity scheme of the aviation ministry under which air tickets for an hour-long journey would be sold for Rs 2,500.
"It's a theoretical idea if you increase fares, railways would do better financially. We are already losing passengers. We have to go by the reality and after trying the surge pricing, we have analysed that this market is cost sensitive and we have to remain to our core strength that is being economical,” an official told ET.
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