Monday, June 20, 2022

Passenger transport, cargo fare up

With a hike in fuel prices, public transportation and cargo fare have also gone up with immediate effect, according to the auto-fare mechanism.

The state oil-monopoly yesterday night jacked up the price of petrol by Rs 21 to Rs 199 and diesel by Rs 26 to Rs 192 per litre, forcing the air and land transportation fare to go up.

The Department of Transport Management (DoTM) today approved the new transport fare in  passenger carriers’ up by 5.30 per cent, whereas for the cargo carriers playing on Terai and hills routes, the fare has been hiked by 7.7 per cent and 6.94 per cent, respectively.

According to the auto-pricing mechanism, the government allows transport entrepreneurs to adjust fares upward or downward when fuel prices fluctuate by 5 per cent.

Thus, along with the rise in the prices of petroleum products, fares of public transport go up, accordingly, or vice versa.

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