Private bus operators to hike fares by mid June
by Lalin Fernandopulle
The Private Bus Operators Association (PBOA) said there will be a
substantial increase in bus fares by mid June.
According to the national policy for revision of bus fares, the PBOA
is, authorised to revise bus fares if there is a four percent increase
in fuel prices against the previous increase.
PBOA Secretary, V. A. P. Liyanage told the Sunday Observerthat the
Association did not revise bus fares following the recent diesel price
hike since there wasn't a four percent increase but will certainly
revise the rates in keeping with the "expenditure list".
The "expenditure list" includes fuel prices, crew costs, tyres and
tubes, service and lubricants, air-condition, repairs, daily, monthly
and annual overhead costs, depreciation costs, interest rates and
provision for risks.
Liyanage said bus owners are the most affected when fuel prices are
increased as they had to pay the operators and spend heavily on
maintenance.
Expenditure on busses plying short distance has gone up by Rs. 7,500
and on long distance by Rs. 10,000, Commuters travelling on
short-distance have dropped by 25 percent.
He said the Association will discuss the matter with the relevant
authorities in the near future on the need to revise bus fares and would
strike if there wasn't a favourable response.
"We will do our utmost to sort out the matter amicably instead of
burdening commuters. Strikes are not intended to burden the commuters
but a means to get our dues", he said.
The Secretary said the Association would have passed on the benefits
of the dropping out prices in the world market to consumers if the
Government had reduced the price per litre of diesel when fuel prices
dropped last year in the world market.
The price per litre of diesel was increased from Rs. 58 to Rs.63 due
to the escalating world crude oil prices. Analysts said that if tensions
in the Middle East do not ease there would be a major impact on oil
prices. |