The Chairman of the National Transport Commission (NTC) Shashi Welgama stated that there will be no revision of bus fares despite the recent reduction of fuel prices.
NTC had previously declared that the decision on whether bus fares will be revised would be taken today (2).
Fuel prices were reduced with effect from midnight on 30 April, with the price of diesel reduced by Rs. 30 per litre.
However, the private bus associations had said that since there was no revision of bus fares in the previous two instances of fuel price hikes, the fare revision should only be revised again in July.
Accordingly, the bus fares should not be revised with the lowering of fuel prices, says the associations.