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
- Chinese Communist Party delegation meets Anura Kumara April 23, 2024
- Chamari Athapaththu back atop ICC Women’s ODI Batting Rankings April 23, 2024
- General Manager of Sri Lanka Railways H.M.K.W. Bandara passes away April 23, 2024
- NPP requests confirmation from SJB for proposed debate April 23, 2024
- Two killed in police shooting at Moragahahena April 23, 2024
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.