Launch fare reduced by 15 paisa/km after fuel price cut

The government has reduced launch fare by 15 paisa per kilometre after fuel prices were lowered by Tk 5 per litre.

The Ministry of Shipping issued a notification in this regard on Thursday (September 1, 2022).

The new fares will be effective from tomorrow, it added.

Fares have been reduced to Tk 2.85 per km for the first 100 kms from the existing Tk3 per km. Beyond the first 100 kms, the fare has been decreased to Tk 2.45 per km from the existing Tk 2.60.

The minimum fare has also been fixed at Tk 30 -- Tk 3 reduced from the existing Tk 33, according to the government notification.

On Monday, the government lowered fuel prices by Tk 5 per litre, 23 days after raising them by up to 51.68 per cent.

Prices of diesel and kerosene are now Tk 109, petrol Tk 125, and octane Tk 130 per litre at the filling stations, State Minister for Power, Energy, and Mineral Resources Nasrul Hamid said.

On August 16, the government increased launch fares in view of a 42.5% hike -- from Tk80 to Tk 114 a litre -- in the diesel price.

In 2021, the launch fare was fixed at Tk 2.30 per km for a distance for the first 100 km while the fares beyond the first 100 km Tk 2.00 per km. The minimum fare was Tk 25.