The minimum bus fare in Sri Lanka could increase to Rs. 40 following the upcoming annual revision in July, as continued weakening of the Sri Lankan rupee against the US dollar may push transport costs higher, the Lanka Private Bus Owners’ Association (LPBOA) has warned.
LPBOA Chairman Gemunu Wijeratne said that the annual bus fare revision is determined based on 12 key criteria, including the Colombo Consumer Price Index, the US dollar exchange rate, interest rates, and the price of buses.
He noted that ongoing currency depreciation could directly influence fare adjustments, cautioning that the situation is becoming increasingly critical for both bus operators and passengers as the review period approaches.
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