Oct 12, Colombo: Sri Lanka's Minister of Private Transport C.B Rathnayake announced today that the fares on private buses will be increased by 7 percent with effect from first of November 01.
The Minister said the cabinet approval has been given to revise the private bus fares by 7 percent from the 1st of November.
Following the hike in fuel prices the private bus operators have called for a fuel subsidy or a fare hike since February this year.
The bus owners have demanded the transport authorities to increase bus fares by 10 percent.
Speaking to media, President of the Lanka Private Bus Owner's Association (LPBOA), Gemunu Wijeratne, said they have not yet been informed of the decision to grant a fare hike.
He explained that the annual revision of bus fares was due on 1 July 2013 according to the National Bus Fares Policy, but the National Transport Commission (NTC) and the Ministry of Private Transport have delayed to present the revised fares.
The association will meet on Sunday to discuss the 7 percent fare hike, Wijeratne, said.
General Secretary of the All Island Private Bus Owners' Federation (AIPBOF), Anjana Priyanjith said that the bus owners need a 10 percent bus fare hike that has to be provided without much
He said the 7 percent hike is unacceptable and requested the authorities to adhere to the national policy on bus fares.