Bus fares and food prices to increase further

27 Jun 2022

Bus fares and food prices to increase further

27 Jun 2022

By Buddhika Samaraweera The All-Ceylon Restaurant Owners’ Association announced that the price of rice packets and all other food items will be increased by 10%, while the Lanka Private Bus Owners’ Association (LPBOA) and the All-Ceylon Private Bus Owners’ Association (ACPBOA) have stated that the Government should take steps to increase bus fares as soon as possible, as the failure to do so would result in the disruption of bus services. These announcements were made following the Ceylon Petroleum Corporation (CPC) and the Lanka Indian Oil Corporation (LIOC) having increased fuel prices with effect from yesterday (26). Speaking to The Morning yesterday (24), LPBOA President Gemunu Wijeratne said that the LPBOA strongly condemns the Government’s decision to increase fuel prices. Emphasising that the Government should take steps to restructure or shut down the institutions that are running at losses, he said that such institutions should not be maintained further with public money. “We usually refuel our buses at night. However, buses were not able to pump fuel on 25 June, as the Sri Lanka Transport Board (SLTB) did not issue fuel to our buses properly. So, the SLTB is making huge profits by pumping fuel, which was received earlier, at the new prices. I have also spoken to Minister of Transport Dr. Bandula Gunawardana in this regard.” Noting that he is ready to halt bus services at any time, Wijeratne said that the Government would be given time until today (27) to calculate all costs and increase the bus fares. He also said that if the bus fares are to be increased on 1 July, on the day of the annual bus fare amendment, bus drivers should be given fuel at the previous prices. Meanwhile, ACPBOA President Anjana Priyanjith said that considering the fuel price increase and the annual bus fares amendment, the current bus fares would have to be increased by at least 40%, adding that the minimum bus fare, which is currently Rs. 32, would have to be increased to Rs. 40. He also said that the ACPBOA would refrain from operating buses if the Government does not take steps to increase bus fares before tomorrow (28). The CPC and the LIOC have increased fuel prices at higher rates, with effect from yesterday. The CPC announced that it had decided to increase the price of 92-Octane petrol by Rs. 50 per litre, 95-Octane petrol by Rs. 100 per litre, Auto Diesel by Rs. 60 per litre, and Super Diesel by Rs. 75 per litre. Accordingly, the price of a litre of 92-Octane petrol has been increased to Rs. 470, 95-Octane petrol to Rs. 550, Auto Diesel to Rs. 460, and Super Diesel to Rs. 520. Meanwhile, Lanka IOC has also increased fuel prices in line with the CPC prices.

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Bus fares and food prices to increase further

Bus fares and food prices to increase further

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