Public transport fares rise sharply following fuel price hike
Summary
Public transport fares in Nepal have been sharply increased following a hike in fuel prices, with passenger vehicle fares up by 16.71 percent and cargo vehicle fares increased on both hilly and Terai routes.
Key Points
- Passenger vehicle fares increased by 16.71 percent following fuel price hikes.
- Cargo vehicle fares raised by 21.68 percent on hilly routes and 15.75 percent in the Terai region.
- Ministry of Physical Infrastructure and Transport gave in-principle approval to adjust fares based on an automatic pricing system.
- Department of Transport Management will publish and implement new fare rates, with provincial governments setting local fares.
