Bus associations in no hurry to reduce fares; say fuel price decrease inadequate

Bus associations in no hurry to reduce fares; say fuel price decrease inadequate

Bus associations in no hurry to reduce fares; say fuel price decrease inadequate

Written by Staff Writer

08 Dec, 2014 | 10:24 am

Bus associations point out that they are unable to reduce bus fares in line with the reduced fuel prices. General Secretary of the All Island Private Bus Company Federation, Anjana Priyanjith says that the reduction of fuel prices is not a reasonable enough factor to reduce bus fares.

[quote]Diesel prices were reduced by seven rupees. However, according to the national policy on bus fares, there are twelve factors that are being considered when stipulating the bus fare. So, the price of diesel is only one of these factors. When all the others factors have been increased by about 100%, we cannot reduce bus fares just because diesel prices were reduce by seven rupees…..[/quote]

However Minister of Private Transport Services, C. B.Ratnayake says that they will be able arrive at some decision with regard to reduction of bus fares. He said that all relevant officials have been informed to discuss the matters with regard to bus fares before Monday. Prices of fuel were reduced with effect from midnight on Friday.

Managing Director of the Ceylon Petroleum Corporation Susantha De Silva says that accordingly the price of a litre of petrol and diesel has been reduced by seven rupees while the price of a litre of kerosene oil has been reduced by five rupees.

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