COLOMBO (NewsRadio); Chairman of the Lanka Private Bus Owners’ Association Gemunu Wijerathna says they are unable to reduce bus fares despite yesterday’s diesel price revision.
Speaking to NewsRadio, Chairman of the Association Gemunu Wijerathna said they cannot reduce fares based on a Rs.15 diesel price reduction per litre.
He said according to the National Bus Fare Policy, fares should be revised if diesel price is revised by 4 percent.
Gemunu Wijerathna made a similar remark when diesel prices were reduced by Rs.10 last month.
Meanwhile, the reduced auto diesel and kerosene oil prices at Ceylon Petroleum Corporation and Lanka IOC filling stations are in effect.
Yesterday, the CPC and Lanka IOC announced the reduction in prices of auto diesel and kerosene oil.
Accordingly, a litre of auto diesel has been reduced by Rs.15 and will now be available at Rs.405.
Furthermore, a litre of kerosene oil has been reduced by Rs.10 and will be sold at Rs.355 from today.
The price of other types of fuel will remain unchanged.