March 10, Colombo (LNW): The National Transport Commission (NTC) has confirmed that bus fares will remain unchanged for the time being, even after the recent rise in fuel prices announced by the Ceylon Petroleum Corporation.
NTC Director General Dr. Nilan Miranda stated that although diesel prices were increased from midnight on March 09, the adjustment does not meet the threshold required to trigger a revision of public bus fares under the existing pricing formula.
As a result, passengers travelling on both state-run and private buses will continue to pay according to the current fare structure. Transport authorities indicated that the situation will continue to be monitored, but no immediate changes are planned.
The announcement comes after Ceypetco introduced a notable increase in fuel prices following a surge in global oil markets, largely influenced by escalating tensions in the Middle East.