The Lanka Private Bus Owners’ Association (LPBOA) has announced a price revision of bus fares.
President of the Association Gemunu Wijeratne said that bus fares will be increased by 25% – 30%.
The price hike will be implemented in accordance with the fuel price increase that was announced today, he said.
Wijeratne further said that the new bus fares will be announced today.
The price revision comes after Energy Minister Kanchana Wijesekera revealed that Cabinet approval has been obtained for the revision of transportation and other services charges.
Minister Wijesekera said the price revisions are being made following the implementation of a fuel pricing formula that was also approved by the Cabinet.
The Energy Minister added that the formula will be applied every fortnight or monthly. (NewsWire)