KATHMANDU, July 1: The Federation of Nepalese National Transport Entrepreneurs (FNNTE) has urged the government to adjust fares automatically in line with the drop in petroleum prices since last night.
Nepal Oil Corporation (NOC) had reduced the price of petrol by Rs 20 per liter and diesel/kerosene by Rs 30 per liter, effective from Wednesday morning.
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FNNTE president Punya Prasad Sitoula has requested the government to adjust the transport fare according to the automated fare adjustment system.
“Along with the fluctuations in the price of petroleum products, the fare for public transport also needs to be adjusted in a transparent, scientific, and objective way. The tendency of raising fares when fuel prices go up but not adjusting them in time when prices drop has created confusion for both passengers and transport operators,” he said.
Sitoula stated that not only the fuel cost but also the operating expenses of vehicles, maintenance, insurance, worker wages, the cost of spare parts, banking costs, and overall economic indicators should be evaluated on a scientific basis when determining fares for public transportation.
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