Government Prepares to Adjust Public Transport Fares Following Fuel Price Hikes
Summary
The Nepalese government is preparing to adjust public transport and freight vehicle fares in response to rising petroleum prices influenced by international conflicts and supply issues.
Key Points
- The Department of Transport Management is revising public transport fares due to rising petroleum prices.
- Nepal Oil Corporation has increased petrol prices by NPR 15 per liter and diesel and kerosene by NPR 10 per liter due to Middle East conflicts.
- Transport entrepreneurs demand fare adjustments as fares have not been revised for four years.
- Separate fare structures are proposed for electric vehicles and fuel-operated vehicles considering different operating costs.
