Minimum bus fare will go up to Rs 40 by July

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Lanka Private Bus Owners’ Association (LPBOA) warned the authorities that the minimum bus fare of Rs 27 will be increased to Rs 40, by July 2022, during the annual bus fare revision, if fuel prices keep escalating and the Government does not take steps to stem the stability of the rupee against the dollar.

Speaking to Ceylon Today, recently LPBOA Chairman, Gemunu Wijeratne said the annual bus fare revision will come into effect in July and the new bus fare will have to be calculated considering the dollar rate and looking at every aspect linked to it.

“With the huge depreciation of the rupee against the USD, all the related items related to the bus service, such as tyres, tubes, lubricants, repairs, spare parts and all other accessories that are needed to run the buses, prices have increased drastically. Except for diesel, tyres and tubes, vehicle servicing, lubricants, repairs, air-conditioner repairs, daily, monthly and annual overhead, provision of responsibility, instalment payments against financing and the current interest rates need to be considered when revising the annual bus fare,” Wijerathne said.

Therefore, he requested the Government to take immediate action to control the depreciation of the rupee against the US dollar to get the best possible rate for the annual bus fare revision, he added.

By Nabiya Vaffoor