LPBOA wants a fare hike in July

11 May 2016 05:02 pm - 7 - {{hitsCtrl.values.hits}}

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Private bus owners’ said today that they would request for an eight percent to ten percent fares hike by July 1 with a minimum hike of Rs.1

“Due to the increment of the Dollar, the prices of all related products and services to operating buses have gone up,” LPBOA Chairman Gemunu Wijeratne said.

Bus fares are subject to an annual revision based on a special formula taking into account twelve factors including the rate of inflation, the price of a litre of diesel, maintenance costs and the price of tyres and other spare parts.

“But this time the bus fare revision is to be done excluding the price of diesel because the VAT increase has not affected the fuel,” he said.

While addressing the media Mr. Wijeratne said they had officially informed the Transport Ministry, the National Transport Commission and the Finance Ministry in writing about the expected fare increment
He said they also expect to discuss the minimum bus fare for buses in Colombo and suburbs with the relevant authorities.

“The minimum bus fare now is Rs. 9 which we hope to increase by one rupee,” Mr. Wijeratne said.
“However, we are in two minds of revising of two requests at the same time,” he said. (Chaturanga Pradeep)

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Comments - 7

Sincere Wednesday, 11 May 2016 07:24 PM

"Gahen watuna minihata gonekuth innawalu aninna" !!!

RedFlag Thursday, 12 May 2016 05:09 AM

The minimum bus fair must be REDUCED to EIGHT Rupees because 'GEMUNU'S' Bus Conductors NEVER give the balance money to the commuters. They virtually charge Rs 10/=.Gemunu demands unfairly like this every year because every successive government has had neglected the Public Transport SLTB. So knowing this situation well, he unethically demands like this. GOVERNMENT should seriously consider improving the TRAIN services too.

Leo Thursday, 12 May 2016 09:17 AM

When the fuel prices were reduced he kept silent. via DM Android App

sira Thursday, 12 May 2016 01:42 PM

compensation for fees at SAITM for his beloved via DM Android App

Publico Thursday, 12 May 2016 02:17 PM

This idiot must arrange to refund a part of bus fair to the passengers for the valuable time wasted on roads due to crawling journeys by private bus operators.

Sharon Thursday, 12 May 2016 07:06 PM

Actually the minimum bus fare is Rs 8.00. The chairman does not know that...

Cobra Thursday, 12 May 2016 07:56 PM

Tell this bloke that they have already obtained for themselves a price hike with the sleazy conductors not returning the balance of the fare!

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LPBOA wants a fare hike in July

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