"The minimum fare for buses will be Rs six and for minibuses Rs seven and will increase by Re one over existing fares in every stage," senior state minister Partha Chatterjee said after a meeting held by Chief Minister Mamata Banerjee with bus and minibus operators here.
As such, passengers would have to pay Rs six for travelling four kilometres in the first stage for buses and one Re more on existing fares in successive stages.
The new fares would be effective as soon as a notification for the hike was issued by the Transport Department and a new fare structure was ready.
"The chief minister has also ordered setting up of a task force to suggest future fare revision on the basis of change in fuel and spare parts," Chatterjee, the state Higher Education Minister, told newspersons.
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The committee would start functioning from mid-April, 2015, he said.
Bus and minibus operators have been demanding a fare revision for long in view of an increase of diesel prices by around Rs 13 since the last fare hike in September, last year, according to Joint Council of Bus Syndicates president Sadhan Das.
No decision has, however, been taken over any hike on taxi fares.
Cabbies have kept their vehicles off the roads for four days this month demanding a fare hike.