Gemunu Wijeratne, President of the Ceylon Private Bus Owners’ Association, says that the minimum bus fare will have to be increased to Rs. 40 and all bus fares will have to be increased by 50 percent in the annual fare revision to take place next July.
He says the move comes amid rising fuel prices and other costs.
However, the bus unions are not expecting a revision of bus fares at the moment, he said.