With a steep hike in fuel prices, fares of public transport and cargo have also gone up with immediate effect as per the government’s auto-fare mechanism.

Nepal Oli Corporation on Sunday night hiked the price of petrol by Rs 21 to Rs 199 and diesel price by Rs 26 to Rs 192 per litre. The new rates came into effect on Monday.

In response, the Department of Transport Management on Monday allowed transport entrepreneurs to hike the passenger carriers’ fare by 5.30 percent. For the cargo carriers playing on Tarai and hills routes, the fare has been hiked by 7.7 percent and 6.94 percent respectively.

As per the auto-pricing mechanism, the government allows transport entrepreneurs to hike fares when oil prices fluctuate by 5 percent.