Fuel Price Hike Impacts Transport Sector; Truck Entrepreneurs Demand Automatic Fare Adjustment
Summary
Rising global crude oil prices have caused fuel cost increases in Nepal, impacting the transport sector and prompting demands from truck entrepreneurs for automatic fare adjustments.
Key Points
- Nepal Oil Corporation raised diesel prices effective from Baishakh 2, 2083 due to rising global crude oil prices.
- Nepal Truck Transport Entrepreneurs Federation urges government to implement automatic fare adjustments linked to fuel price changes exceeding 5%.
- Recent price hikes have increased diesel costs by up to Rs 5.51 per litre, causing operational difficulties under current fare rates.
- The federation demands removal of extra petroleum taxes, an odd-even vehicle system to cut fuel use, and timely fare revisions to ease transport operators' financial burdens.
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