Private bus operators have formally requested the National Transport Commission (NTC) to implement this year's annual bus fare revision from July 1, citing increasing operational expenses and challenges faced by the industry.
The request was submitted in writing on June 24 by private bus associations, according to Lanka Private Bus Owners’ Association (LPBOA) Chairman Gamunu Wijeratne.
Wijeratne stated that discussions between transport authorities and bus operators regarding the proposed fare adjustment are expected to take place within the coming days.
According to him, transport associations had initially considered introducing the annual fare revision on July 5. However, following consultations with affiliated associations, a decision was reached to seek implementation from July 1, in line with the traditional schedule followed in previous years.
He noted that the proposal received the approval of member associations before being officially forwarded to the National Transport Commission.
Bus operators have also submitted their cost calculations to the NTC as part of the review process. Wijeratne expressed confidence that the final fare revision could exceed 15 percent, based on current operating costs.
The annual bus fare adjustment is generally calculated using an established formula that considers fuel prices and other expenses associated with operating public transport services.
The National Transport Commission is expected to review the request and hold discussions with stakeholders before making a final determination on the proposed fare revision.
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