No fuel subsidy – bus fare revision tonight?

The decision regarding a bus fare hike will be tabled in the Cabinet today (14) and it is very likely that the revised bus fares will be announced tonight, Transport Minister Dilum Amunugama revealed.

Although the bus association had initially sought a fuel subsidy, such a move will be not possible, Amunugama said, adding that a common ground has also been reached in this regard during the discussions held with them.

Accordingly, the revised bus fares are very likely to be announced tonight instead of providing a fuel subsidy, he noted.

It has been proposed to increase the minimum bus fare up to Rs. 19 – 20 and other bus fares by 13 – 15 per cent.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Power Market Reform Could Reshape Sri Lanka’s Apparel Export Future

Sri Lanka’s proposed electricity wheeling reforms could become an...

Digitalisation at Risk as Critical Cyber Flaws Threaten Sri Lanka

Sri Lanka’s ambitious digitalisation drive faces a potentially serious...

Sri Lanka’s AI Banking Revolution Risks Becoming a Systemic Trap

Sri Lanka’s push towards artificial intelligence-powered financial supervision presents...

Customs Smashes Revenue Targets as Vehicle Taxes Drive Treasury Windfall

Sri Lanka Customs has delivered a striking fiscal performance,...