The Ministry of Transport says in the event fuel prices increase, bus fares could also likely increase.
State Minister Dilum Amunugama speaking to media in Kandy today said there is no intention of increasing bus fares or diesel prices at present.
The Minister said it would be more practical for the government to bear the loss of diesel prices and refrain from increasing bus fares in the event of a fuel price revision.
State Minister Amunugama said if diesel prices increase then with hesitancy, they will have to consider an increase.
He added during the previous fuel hike bus owners requested an increase in fares, claiming they didn’t approve a hike owing to the coronavirus situation in the country and instead provided concessions to bus owners.
However, State Minister Amunugama admitted that an increase in diesel prices will pose a serious concern adding that if the situation does arise discussions will be held before reaching a decision.
State Minister Amunugama added the increase in the prices of essential food items is a serious concern.
The State Minister stressed the relevant Ministries must pay attention in these developments.
He noted that despite the dollar rate determined by banks, the selling rate of the dollar outside is Rs.235.
He claimed that importers must make payments in dollars for goods, adding that they too are facing difficulties.
The State Minister said importers will not sell cement, wheat flour or milk powder while making losses as a result of the dollar rate.
State Minister Amunugama stated the control prices on goods were lifted owing to this issue, as goods cannot be sold at the going rate owing to the rate of the dollar.