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Last Updated : 2024-05-21 15:34:00
1 May 2024 12:49 pm - 8 - {{hitsCtrl.values.hits}}
Colombo, May 1 (Daily Mirror) - Following the price reduction of Lanka auto diesel from last night, Lanka Private Bus Owners' Association (LPBOA) Chairman Gemunu Wijerathne said today that this fuel price revision is insufficient for a bus fare revision at this time.
Addressing the media he said that according to the National Bus Fare Policy, the recent amount of the fuel price revision cannot be calculated.
Accordingly, the Ceylon Petroleum Corporation (CPC) reduced the retail price of a litre of Lanka auto diesel by Rs. 30 with effect from last night.
"During the past months, we provided the service while incurring a loss of Rs. 27 per litre of diesel. Even after the previous fuel price revision the association had taken a decision not to go for a fuel price revision as it was not even 4% of the minimum fare hike needed for a fare revision.
"According to the policy calculation, only Rs. 3 will be reduced from the bus fare, but it is not more than the minimum calculation of 4%.
"Therefore, a bus fare revision will be considered in July when calculating the annual fare revision," Wijerathne said.
A Wednesday, 01 May 2024 01:11 PM
When the price goes up by 3 rupees its enough to increase by 10 ruppes the fair . How come
DOT Wednesday, 01 May 2024 01:16 PM
Please tell us your number !
Saman Wednesday, 01 May 2024 01:26 PM
Find a way to ascerain his accumulated wealth at first place
lankaputha Wednesday, 01 May 2024 01:29 PM
When 10% people decide to walk 1 - 3 bus halts, rather going in this Tin Sheet covered carts, prices will come down drastically. Let the passengers organize and stay away from Private buses for one day by arranging a leave.
Rishan Wednesday, 01 May 2024 01:35 PM
This idiot cannot reduce the price when the diesel prices reduces by 30 , but willing to increase of it increases by 30/- . Good to have a MOU that Bus fare cannot be increase if it increases below 50/- and bus fare connot decrease if the diesel prices drops less than 50/- .
Ama Wednesday, 01 May 2024 02:04 PM
For the last THREE fuel price reductions, the bus fares were not adjusted.
Prem Wednesday, 01 May 2024 04:55 PM
This guy worst curse for the entire bus industry. Please chase him away from this position and get a proper minded person immediately.
Meaningless Wednesday, 01 May 2024 07:11 PM
Strengthen the CTB with more fleets and reduce the dependency on private buses. The GOSL must enforce new reduce price instead of allowing it in the hands of this uneducated so called chairman. Don't know whether he knows its meaning.
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