Another Trinamul leader, Sudeep Bandopadhyay, said the party had asked Mr Trivedi to announce a rollback in fares.
On March 18th his reformist minister for railways, Dinesh Trivedi, was forced to resign by a junior coalition ally.
However, within hours of his announcement, Mamata Banerjee, the chief of Mr Trivedi's Trinamul Congress party, rejected the fare increase.
India's Railway Minister Dinesh Trivedi has denied reports that he has resigned after his party protested against his decision to increase passenger fares.
"Mr. Murthy's departure was not related in any way to the company's operational or financial performance, both of which remain strong, " said Ashok Trivedi, co-founder and co-chairman of iGate's board.
Later on Wednesday night, Ms Banerjee reportedly faxed a letter to Prime Minister Manmohan Singh, asking him to sack Mr Trivedi and withdraw the hike in railway fares, media reports said.
Mr Trivedi defended the fare increase, saying that he had done it for the "betterment of the railways and country" and to raise funds to improve the safety on the network.
"Mr. Murthy's departure was not related in any way to the company's operational or financial performance, both of which remain strong, " said Ashok Trivedi, co-founder of iGate and co-chairman of its board.
Mr Trivedi said he had been counselled to go for steep increase in fares as there had been no increase in nearly a decade but he chose not to do so "guided by the over-riding concern for the common man".
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