Kathmandu. The Department of Transportation Management has reduced the fares of public and cargo vehicles running interprovincially by two percent due to the fall in the price of petroleum products.

After the Nepal Oil Corporation reduced the price of diesel and kerosene by Rs 42 per liter with effect from midnight on June 17, the department has established a new fare based on the automatic price system. In issuing a public notice on Thursday, the department has made it clear that this revised fare will be applicable to long-distance vehicles across the country from today's date.

The average market price of diesel was 235 rupees 83 paise per liter when the department adjusted the fare earlier. However, due to the recent fall in the price of crude oil in the international market and according to the new price list, the price of diesel in Nepal remained at 193 rupees 83 paise per liter.