Bengaluru: The Government of Karnataka has issued a notification constituting the Public Transport Fare Regulatory Committee (PTFRC), modeled on the Karnataka Electricity Regulatory Commission (KERC), to ensure scientific and systematic revision of fares in State Road Transport Corporations. Until now, bus fare revisions were either delayed or avoided due to political considerations, despite rising operational costs. By creating an independent body like PTFRC, the government aims to depoliticise fare revisions while strengthening transport corporations. The Managing Director of the Karnataka State Road Transport Corporation will serve as Member-Secretary. The PTFRC will study the financial conditions of State Road Transport Corporations and recommend fare revisions from time to time, as well as propose surcharges and levies to improve financial and operational efficiency.