New Delhi: Just like the airlines and hotels, the Indian Railways could soon be offering discounts on tickets if trains are not fully booked, Railway Minister Piyush Goyal said on Saturday, indicating a complete revamp of the flexi-fare scheme.
Piyush Goyal’s remarks came days after the Railway Board formed a six-member committee to review the Flexi-fare scheme.
The Minister said the national transporter was studying a model of dynamic pricing offered by airlines and hotels.
“We have been deliberating on a dynamic pricing policy. So far we have been discussing that the price should not go up, but I want to go a step ahead. I am exploring a possibility where suppose trains are not going full — like in airlines — we get discounted fares”, said the railway minister.
The Flexi-fare system, launched in September 2016, led to an increase of up to 50% in fares. Under the formula, base fares increase from 10% to 50% with every 10 per cent of berths booked.
While revenue increased, the railways lost passengers as several berths remained vacant, officials said.