Bus and three-wheeler associations have announced that fares will not be reduced due to the recent fuel price revisions.
Chairman of the Lanka Private Bus Association, Gemunu Wijeratne, said the reduction of Rs. 12 for a litre of diesel was insufficient to reduce bus fares.
Gemunu Wijeratne further said the annual bus fare revision is scheduled for July this year.
Meanwhile, the All Ceylon Three-Wheeler Owners and Drivers Association has also announced that three-wheeler fares cannot be reduced due to the recent fuel price revisions.
Chairman of the Association Sudil Jayaruk said the reduction in petrol price was insufficient to reduce three-wheeler fares.
The announcements come after the Ceylon Petroleum Corporation (CPC) reduced fuel prices effective from midnight yesterday (30 Apr).
Soon after, the Lanka Indian Oil Company (LIOC) and the China Petroleum & Chemical Corporation (Sinopec) announced they would match their fuel prices to that of the CPC. (Newswire)