In response to the decrease in the price of fuel oil by Tk 5 per litre, the government has reduced the launch fare by 15 paisa per kilometer.
The new decision will be effective from Thursday midnight, said a notification issued by the Ministry of Shipping on Thursday.
The minimum ticket price was also reduced from Tk 33 to Tk 30, according to the notice.
On August 16, the Ministry of Shipping raised passenger fares by 30 percent in response to a hike in the price of fuel.
Then the launch fare was increased by 70 paisa per kilometre for short distances and 60 paisa for long distances. The short-distance launch fare was increased by 30.43 percent, while the long-distance fare was increased by 30 percent.
At that time, the cost of travelling up to 100 kilometres was increased from Tk 2.30 per kilometre to Tk 3. The fare for distances longer
than 100 kilometres was increased from Tk 2 per kilometre to Tk 2.60 per kilometre.
Launch fares were also hiked by 30 percent last November.