Will forego fare if fuel subsidy is provided: Wijeratne

15 February 2012 08:47 am - 5     - {{hitsCtrl.values.hits}}

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Private bus operators said today that they would forego the recent 20 per cent bus fare increase if the authorities provided a fuel subsidy at Rs.76.

Lanka Private Bus Owners Association (LPBOA) President Gemunu Wijeratne said that they recognised the difficulties faced by the people and would make a formal request from the National Transport Commission (NTC) today to provide the subsidy.

“We are prepared at any time to reduce the bus fares to the original rates if the government gives us a reasonable diesel subsidy,” Wijeyratne said.

Bus fares were increased to 20 per cent with the minimum fare being raised to Rs.9 on Tuesday after a unanimous decision by the Finance Ministry, NTC, Private transport Services Ministry, LPBOA and other unions. (Olindhi Jayasundere and Tharushan Fernando)

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  • Mahesh Wednesday, 15 February 2012 12:01 PM

    The minimum rate is now Rs. 10. Not 9.

    Dayan Wednesday, 15 February 2012 12:49 PM

    Glad to hear this as 'wonder of Asia' is heading to bloodbath similar to Colombo Stock exchange

    AMG Wednesday, 15 February 2012 09:38 AM

    Otherwise ?

    xlntgson Wednesday, 15 February 2012 02:15 PM

    Physics: what goes up should come down. In economy if depressed collapses, one price reduction follows many raises. Vice versa...

    Jamis Banda Wednesday, 15 February 2012 10:45 AM

    It's OK - take the 20% hike. If not it will be added on to our other comodities and indirectly we will pay more than the 20% we give as additional bus fair.


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