Department Recommends Public Transport Fare Hike Following Fuel Price Increase
Summary
The Department of Transport Management has recommended a public transport fare increase following a rise in petroleum prices by Nepal Oil Corporation, proposing adjustments based on a scientific fare system.
Key Points
- Department of Transport Management recommended fare hikes due to increased petroleum prices.
- Nepal Oil Corporation increased diesel and petrol prices by NPR 10 and NPR 15 per liter respectively.
- Fare increases proposed are 11.33% for passenger vehicles, 14.29% for cargo on hilly routes, and 8.81% for cargo on Terai routes.
- The fare adjustment is guided by the 'Scientific Fare Adjustment Method' using 13 indicators employed since 2065 BS.
