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Showing posts with label diesel. Show all posts
Showing posts with label diesel. Show all posts

Transport Entrepreneurs pressures on govt to increase transport fares

Written By Admin on Tuesday, June 19, 2012 | 10:08 AM

Transport entrepreneurs have started to exert pressure on the government to increase public transport fares citing frequent rise in diesel price over the past three months.

The government had hiked the price of diesel by Rs 4 per liter on March 26 before making its latest adjustment by Rs 4 per liter on Tuesday.

“Entrepreneurs have intensified their pressure on us to raise the fares of public transport following the latest rise in diesel price today (Tuesday). We have asked them to come up with formal demands before sitting for dialogue on fare adjustment,” Chandra Man Shrestha, director general of Department of Transport Management (DoTM) told Republica on Tuesday.

As per the gentleman´s agreement between transport entrepreneurs and the government, fare will be adjusted when price of petroleum products fluctuates more than Rs 5 per liter.

The government had made latest hike in public transport fare on March 20 in the range between 4.54 percent and eight per cent in line with the prices of petroleum products in international market that influences domestic price.

As per that revision, commuters have been paying Rs 15 for shortest route to Rs 70 for longest route in public bus and tempos. Similarly, the government had increased fare for trucks and tankers by 5.26 percent for Terai and 5.29 percent in hilly regions. Taxi fare was pushed up by 8.19 percent to Rs 32 per km.

Four years ago a committee formed to suggest scientific fares fixing system for public transport had recommended the government to adjust the fares giving separate weightage to fuel and other factors determining the cost for operating vehicles to end the dispute in determining fares.

Under the system fuel and non-fuel factors such as spare parts, administrative cost, bank interest, repair-maintenance and staff salary among others are given 35 percent and 65 percent weightage respectively.

Source:myrepublica
10:08 AM | 0 comments | Read More

Diesel‚ kerosene price increased by Rs 4

The state-owned oil company, Nepal Oil Corporation (NOC) has hiked up the price of diesel and kerosene effective from Tuesday.

The prices of diesel and kerosene have been hiked by Rs 4 per litre, the Monday evening meeting of NOC took decision to this effect.

With today’s hike, diesel and kerosene will cost Rs 93 per litre.

Meanwhile, the prices of petrol, cooking gas, and aviation fuel have not been hiked up.

Officiating Director of the NOC, Sushil Bhattarai said that the prices of diesel and kerosene oil have been jacked up to adjust the prices with international market.

Though the prices of diesel and kerosene oil have been soared up, NOC still reels under the loss of Rs. 1.20 per liter in diesel and kerosene oil, Bhattarai added.


Source : TheHimalayanTimes
4:16 AM | 0 comments | Read More