The government has approved an increase in fares for public transportation and freight vehicles across Nepal. The Department of Transport Management (DoTM) has finalized the implementation plan after receiving conceptual approval from the Ministry of Physical Infrastructure and Transport.
According to the department, public transport fares will increase by 16.71%. Freight vehicle fares have also been revised, with a 21.68% increase in hilly regions and a 15.75% increase in the Terai region.
The adjustment comes in response to rising petroleum prices in international markets and other technical considerations. Transport operators have long demanded fare revisions to sustain operations. Analysts note that the new fares could impact daily travel costs for commuters and may also contribute to higher prices for consumer goods due to increased transportation costs.
Summary of Fare Increase:
- Public transport: 16.71%
- Freight (hilly areas): 21.68%
- Freight (Terai areas): 15.75%
This article was originally published on https://bajarkochirfar.com. Translated and reviewed by our editorial team.
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