header logo
Asia asset finance
Mogo Academy
Latest
Cabinet approves 6.56% hike in bus fares
May 15, 201801:07 PM
Cabinet approves 6.56% hike in bus fares

The Cabinet has approved an increase in bus fares by 6.56% with effect from tomorrow (16). 

 

However, there will be no change in the current minimum fare, Minister Ranjith Madduma Bandara said.  

 

He revealed this while speaking to reporters after the Cabinet meeting at the Presidential Secretariat in Colombo. 

 

The weekly Cabinet meeting, chaired by President Maithripala Sirisena, commenced at 10am today with the participation of Prime Minister Ranil Wickremesinghe and all ministers. 

 

Several topics including the fuel price increase were discussed extensively during the Cabinet meeting. 

 

Sri Lanka increased fuel prices on May 10 with Auto Diesel and Super Diesel reaching Rs 109 and Rs 119 per litre respectively.

 

The cabinet paper regarding bus fare revisions was presented to the Cabinet today (15).

 

The country’s bus trade unions have requested the government that the bus fares be increased and, accordingly, an expert committee gathered yesterday (14) to discuss the matter.

 

Deputy Minister of Transport and Civil Aviation Ashok Abeysinghe had said that recommendations were made regarding the bus fare revisions.

 

The committee had decided to formulate a cabinet paper and present it to the Cabinet today.

 

According to the Deputy Minister, a bus fare revision will be implemented after gaining the approval for the said cabinet paper.

 

The Chairman of Lanka Private Bus Owners’ Association, Gemunu Wijeratne, had said that they will decide the course of action based on the decision made by the government on the bus fares. They had called for a fare increase of 10%.

 

The Inter-Provincial Private Bus Association had requested the government to increase bus fares by 20%.

 

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora