Depreciation of rupee affects private bus industry: Gemunu

30 April 2018 07:53 pm - 7     - {{hitsCtrl.values.hits}}


The Lanka Private Bus Owners' Association (LPBOA) today demanded at least a 10 percent of bus fare hike following the depreciation of the rupee against the US dollars.

Speaking to the Daily Mirror, LPBOA Chairman Gemunu Wijeratne said the depreciation of rupee had direct impact on the private bus operators.

“Due to the depreciation of the rupee, maintenance cost of buses have gone up. This has a direct impact on the prices of spare parts and the import price of bus units.” he said.

Bus tyres, tubes, engine oil, spare parts and even the import prices of a bus had been increased, he said.

Government should take measures to control the situation or otherwise should be allowed to increase bus fares with immediate effect,” he said.

“When importing buses, a price of a unit had been increased by Rs.150,000 or Rs.200,000,” he said.

Annual bus fare increment would be calculated by the National Transport Commission (NTC)and it will be announced on July 1st annually. Mr. Wijeratne said that he hoped the annual fare revision will be calculated after considering the depreciation of rupee value.(Chaturanga Samarawickrama)

  Comments - 7

  • Chamara Monday, 30 April 2018 08:24 PM


    Kumara Dharmarathne Monday, 30 April 2018 08:27 PM

    When did you start paying the salaries of your drivers and conductors in US dollars?Don't become a laughing stock and an entertainer.So far you could not to get your conductor guys to issue the tickets to Bus commuters. Not only that you could not even get your conductors pay the balance to commuters.Because the way you are silent on this matter, we are compelled to think that you are also getting your handsome share.

    Bert Monday, 30 April 2018 10:33 PM

    Of course now you can discuss anything with president because he certainly will not assault you .

    concern Monday, 30 April 2018 08:33 PM

    Nothing new.

    Aku Tuesday, 01 May 2018 10:06 AM

    First... teach your thug drivers and conductors to behave and act like humans... If the service is unprofitable, shut them down man but please take this advice - when you talk shit, talk softly...

    Gune Tuesday, 01 May 2018 11:15 AM

    First learn to observe road rules and drive your buses responsibly before asking for a hike.You guys are just one notch lower than politicians who are thugs.

    willowsd Tuesday, 01 May 2018 04:27 PM

    how much extra money you guys make without giving balance cash?

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