Indian railway has introduced Dynamic pricing for the Rajdhani, Duranto and shatabdi trains. In this system prices rise as the demand of tickets rises. This system is already followed in the Airline ticket booking. In this system price of the tickets rises on the festival seasons. This system is also called flexi pricing or surge pricing. In this system price of the seats rises as soon as more people book the tickets. Below are the main points from the railway ministry press release:
- The base fares will increase by 10 percent 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
The changes in fares shall come into force from September 9, while the revised fares will not apply to tickets already issued in advance for journeys to commence on or after September 9.
- Vacant berths left at the time of charting would be offered for current booking. Tickets under current booking shall be sold at the last price sold for that class and other supplementary charges like reservation fee, superfast charges, catering charges, service tax etc., as applicable shall be levied in full,” the release said.
- The last price for every class of tickets for the particular train should be printed in the reservation charts.