Forget Ola and Uber: Indian Railways introduces surge pricing system for Rajdhani, Duronto and Shatabdi
The Ministry of Railways has decided to introduce the flexi-fare system in its Rajdhani, Duronto and Shatabdi trains from September 9.
“The base fares will increase by 10 per cent with every 10 per cent of berths sold subject to a prescribed ceiling limit. There will be no change in the existing fare for 1AC and EC class of travel,” a railway ministry release said.
The new system is somewhat similar to taxi-aggregator Ola and Uber’s controversial surge pricing that was struck down the courts earlier in the year.
According to the new system, the ticket tariffs will go up by upto 10% on the base price with every 10% of tickets sold. Tatkal bookings will cost a flat 1.5 times the base fare. No ticket will cost less than the base price. Other supplementary charges like reservation charges, superfast charge, catering charges, service tax as applicable shall remain unchanged.
The ministry said passengers who have already booked tickets at pre-revision rates will not have to pay more.