Dec 31, Colombo: Sri Lanka government has decided to reduce the bus fares with immediate effect subsequent to the reduction of diesel prices again.

Government sources said they have considered reducing the bus fares by 4%, but exact date is not decided yet.

Sri Lankan government yesterday reduced the price of a diesel liter by Rs. 10 with effect from midnight yesterday.

Earlier the private bus associations in the country promised to reduce the fares if the diesel prices go down further.

However the private bus associations in Sri Lanka have not announced their new stand on the percentage of the fare reduction.