DELHI: Fares for premium trains could come down during the lean seasons as Indian Railways is putting in place a mechanism to sell tickets for Shatabdi, Rajdhani and Duronto trains lower than the base fare if berths are going unreserved.
In recent months, railways has been witnessing a fall in passenger traffic as it has been losing long distance passenger to airlines and short distance to roadways, reports The Economic Times.
Railway minister Suresh Prabhu has instructed officials of the traffic department to work on a mechanism to make sure that no berths go empty on these trains.
As per a top official, Prabhu, who’s also a chartered accountant, has asked his officials to do a price sensitivity analyses for all the premium passenger trains.
“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 had recently introduced surge pricing where tickets prices increase according to demand.