The fare of launches has been reduced by 15 paisa per kilometre (km) while the minimum fare has been fixed at Tk 30.
The decision taken on Thursday, came a day after the bus fare was decreased by 5 paisa a km.
The readjusted fare will be effective from Thursday midnight, confirmed a press release from the shipping ministry.
According to the newly set price, passengers will have to pay Tk 2.85 instead of Tk 3 per km for the first 100 km.