Nepal, March 16 -- The Federation of Nepalese National Entrepreneurs (FNNTE) has demanded that the government immediately adjust public transport fares following a sharp increase in petroleum prices.

The FNNTE issued a statement expressing serious concern after Nepal Oil Corporation raised fuel prices effective Sunday night. Diesel prices were increased by Rs 10 per litre and petrol by Rs 15 per litre.

Federation General Secretary Daknath Gautam said public transport is fully dependent on fuel, and any fluctuation in fuel prices directly affects the transport business as well as passengers.

The FNNTE also expressed dissatisfaction that fares have not been revised since March 6, 2022, despite a provision for automatic adjustment through...