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Bus fare cut by 3 paisa/km

Amirul Islam || risingbd.com

Published: 10:38, 3 May 2016   Update: 15:18, 26 July 2020
Bus fare cut by 3 paisa/km

Staff Correspondent: The government has reduced passenger fare by 3 paisa per kilometre for long haul buses following the recent cuts in fuel prices which will be effective from May 15.

The Road Transport and Bridges Ministry issued a circular in this regard on Tuesday.

Earlier on Monday, Bangladesh Road Transport Authority (BRTA) and bus owners made their respective proposals.

In their proposals, BRTA suggests for cutting 3 paisa per kilometer while bus owners for 2 paisa.

Later, their proposals were forwarded to the Road Transport and Bridges Ministry where the move to cut the fare comes following last month’s price cut decision of Tk 10 per litre from octane and petrol while Tk 3 per litre from diesel and kerosene.

Oil prices in the international market have been falling since 2014. However, the government did not lower the oil prices, saying that it would help state-run Bangladesh Petroleum Corporation (BPC) to make profit and flourish.

Oil prices dropped to as low as $27.65 a barrel in January this year before rebounding recently to $40 a barrel, putting further pressure on the government to lower domestic fuel prices.

But the government had been insubordinate against adjusting the prices to allow the BPC to repay its loans and recoup the losses it had incurred between fiscal 1999-2000 and 2014-15.

risingbd/Dhaka/May 3, 2016/Hasan/Amirul

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