Government Rolls Back Public Transport Fares by 2% as Energy Pressures Ease
Following a 5% hike earlier this year, regulatory authorities readjust long-distance passenger fares downward to match stabilizing fuel markets.
https://api.peridot.com.np/news_thumbnails/thumbnail-1782991409176.jpg
According to the Department of Transport Management, this downward tariff revision was directly triggered by the recent price corrections made by the Nepal Oil Corporation (NOC). The state-owned fuel monopolist recently slashed retail prices by Rs 20 per liter for petrol and Rs 30 per liter for both diesel and kerosene. Under the automated fuel-transport pricing mechanism, any significant fluctuation in fuel prices legally requires a proportional adjustment in public transport tariffs.