No bus fare revision despite fuel price slash - NTC

No bus fare revision despite fuel price slash - NTC

December 1, 2023   10:19 am

Bus fares will not be revised despite the fuel price reduction, the National Transport Commission (NTC) says.

The announcement came hours after the Ceylon Petroleum Corporation (CEYPETCO) said it would amend the fuel prices.

The revised rates are as follows:

• Petrol 92 Octane - Rs. 346 (reduced by Rs. 10)
• Petrol Octane 95 - Rs. 426 (increased by Rs. 3)
• Auto Diesel - Rs. 329 (reduced by Rs. 27)
• Super Diesel - Rs. 434 (increased by Rs. 3)
• Lanka Kerosene - Rs. 247 (reduced by Rs.2)

Mirroring the CEYPETCO’s move, Lanka IOC, the local subsidiary of the Indian Oil Corporation, and Sinopec Energy Lanka (Pvt) Ltd. – the Beijing-based oil and gas giant’s subsidiary in Sri Lanka – too have revised their fuel prices.

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