Ripple effects of fuel price hike

COLOMBO (News 1st) - Following the increase in fuel prices, a number of industries have come forward requesting permission to increase their charges. The Lanka Private Bus Owners' Association at a media briefing today (May 11), said bus fares will be increased by over 10% in the coming week. Chairman of the Lanka Private Bus Owners' Association Gemunu Wijeratne said the minimum fare will definitely be increased. However, the National Transport Commission says the Bus Association does not have the right to increase charges. The commission further noted a panel of experts are due to convene next week to discuss the matter. Meanwhile , the Chairman of the National Three-wheeler Owners' Association said the Rs. 20 increase in the fuel price has affected their lives, hence, they request a fuel concession or they will remove meters and transport passengers according to their own prices.