The annual bus fare revision, normally implemented on July 1 each year, is expected to take effect on July 3, the Chairman of the Lanka Private Bus Owners' Association (LPBOA), Gemunu Wijeratne stated.
Gemunu Wijeratne said the adjustment is being considered in line with ongoing monthly fuel price revisions, and discussions are currently underway with other bus associations regarding the proposed date.
Wijeratne further stated that even if diesel prices are reduced during upcoming fuel price adjustments, bus fares will not be reduced for a period of six months.
He also noted that the private bus industry is facing a severe financial crisis, claiming that it has incurred losses of around Rs. 600 million from the beginning of June to date.
He added:
“Even if diesel prices are reduced, we will not reduce bus fares for six months because the industry is in a serious crisis. From June 1 to the end of June alone, we have incurred losses of around Rs. 600 million. We are saying this revision must be adjusted. Even if diesel prices are reduced, we will not reduce fares for six months. If necessary, they can take us to court. There is no policy that states bus fares must be reduced when diesel prices are reduced.”
