The Cabinet of Ministers has approved a proposal by the National Transport Commission (NTC) to revise bus fares effective July 1, 2026, in line with the annual fare policy.
The revision comes against the backdrop of rising fuel prices since February, driven by the conflict in the Middle East, as well as higher operating costs, fluctuations in the US dollar affecting spare parts, the operation of buses on expressways, and the introduction of low‑floor buses under Lanka Metro Transit Pvt. Ltd.
To ensure uninterrupted public transport services and safeguard the bus industry, the NTC appointed a committee to review and update the existing fare formula.
The committee’s recommendations, incorporating the fuel price adjustment implemented on June 30, were submitted to the Minister of Transport, Highways and Urban Development and subsequently endorsed by the Cabinet. (Newswire)