KATHMANDU:- The Department of Transport Management has drastically increased the fares of public transport.
At the current price, the fare has been increased from 20 to 28 percent.
According to the department, the fare of passenger vehicles has increased the most by 28 percent.
Similarly, the fare of freight vehicles operating on hilly roads has been increased by 20 percent.
Department spokesperson Loknath Bhusal said that the fare of freight vehicles operating on the Terai road has been increased by 26 percent.
The department claims that the fare has been adjusted on the basis of market study, analysis, and consultation with stakeholders on investment and expenditure related to public transport operation.
According to the department, the rent has been adjusted on the basis of price increase in key indicators including wages, fuel, tires, interest, operating expenses, deduction and operating profit.
Spokesperson Bhusal said that the Ministry of Physical Infrastructure and Transport has agreed to the proposal on July 10.
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