Public transport, cargo fares come downPublic transport fares have come down by 5.41 percent. Freight charges of the cargo carriers plying on the hills route have come down by 6.97 percent and that in the Tarai by 7.68 percent.
The Department of Transport Management on Sunday reduced the freight charges and public transport fares in response to the reduction in fuel prices.
Fares on public transport plying on inter-provincial routes have been slashed by 5.41 percent.
According to the department, freight charges of the cargo carriers plying on the hills route has come down 6.97 percent and that in the Tarai by 7.68 percent.
The government on April 30 decided to implement an automated pricing system.
Under the system, the government, which regulates the fares, can revise the rates when the prices of petroleum products fluctuate by more than 5 percent.
With the latest revision, the fare in Kathmandu-Dhangadhi-Sitagadhi-Sanfebagar route, which is 899.6 kilometres and the longest, will now cost Rs2,733. It was Rs2,889.
On Saturday, Nepal Oil Corporation decreased the price of petrol and diesel/kerosene by Rs20 per litre and Rs29 per litre respectively.
Petrol now costs Rs179 per litre and diesel/kerosene is available at Rs163 per litre. The new rates came into effect on Saturday midnight.