Department of Transport Management Proposes Another Public Transport Fare Hike

Key Points

• The Department of Transport Management proposed a 9.8% fare increase for passenger vehicles and around 12-14% for cargo vehicles in Nepal.
• This proposal comes less than two weeks after a prior fare hike based on 13 economic indicators.
• Transport entrepreneurs demanded the hike citing two recent increases in diesel prices due to international fuel market fluctuations.
• The Nepal Oil Corporation increased diesel and kerosene prices by 30 rupees per liter recently, pushing total diesel price hikes to 55 rupees per liter.