COLOMBO (NewsRadio); The Lanka Private Bus Owners’ Association has announced that it will not 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.10 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 stated that they will reduce bus fares if diesel price is reduced by around Rs.35 to Rs.40.
Yesterday, the Ceylon Petroleum Corporation and Lanka IOC announced that they have decided to reduce the price of a litre of auto diesel.
Accordingly, a litre of auto diesel has been reduced by Rs.10 with effect from today. A litre of auto diesel is now sold for Rs.420 at CPC and LIOC filling stations.
