Registration fees for motorcycles have been slashed by 33 to 43 percents depending on engine capacities.
In a circular on Monday, Bangladesh Road Transport Authority (BRTA) said theregistration cost of motorcycles with 100cc engines has been cut down to Tk 9,313 from Tk 13,913, BDNews reports.
Owners of motorcycles with engines over 100cc will have to spend Tk 12,073 for registration, down from Tk 21,275.
In January 2014, the fees were raised by 40 percent.
From Jan 1 this year, RFID-tagged retro-reflective licence plates issued by the BRTA have been made mandatory.
According to BRTA, the number of registered motorcycles in Bangladesh is more than 1.25 million while 524, 885 driving licences have been issued.
The move to slash the fees was informed in September last year from a meeting of the Parliamentary Standing Committee on the Ministry of Road Transport and Bridges.