No bus fare increase despite fuel hike -Welgama
Transport Minister Kumara Welgama said that Sri Lanka Transport Board has to spend an additional cost of Rs. 2.2 million per day due to the recent hike in diesel prices.
The minister was addressing a media briefing in Colombo. The SLTB is now faced with financial difficulties and has reached break-even point. The eight percent diesel price increase will be further increase the pressure and difficulties of the SLTB since it has to subsidize 50 percent of the fuel cost.
According to the Cabinet approval, the SLTB can only increase the bus fare, if the diesel price increased by four percent. However, the diesel price has been increased only by 3.2 percent. Therefore, the SLTB has no right to increase bus fares.
“While the SLTB has no idea of raising bus fares right now it will abide by the National Transport Commission’s decision in this regard, the minister further said.
Courtesy: Daily News
Latest Headlines in Sri Lanka
- Ranil Wickremesinghe rejects Batalanda Commission report March 16, 2025
- CID questions IGP Tennakoon’s family as manhunt continues March 16, 2025
- Sri Lanka to strengthen pension scheme for migrant workers & tourism sector March 16, 2025
- Indian PM Narendra Modi to visit Sri Lanka in early April 2025 March 15, 2025
- Sri Lankan President joins special Iftar ceremony at Temple Trees March 15, 2025
Dear Minister,
Be realistic. How can the SLTB run with a 2.2m
daily loss?
Do not try to be a cardboard Veeraya.Get the Cabinet
approval just to cover up expenditure and let the
public feel the minimum
Barking ones will bark and roaring ones will roar
but the institution has to go on.