The government took steps to reduce the price of Petrol by Rs. 10 and Diesel by Rs. 5. As a result, the IOC also took steps to reduce prices accordingly.
Representatives of various associations met this afternoon to discuss passing on the benefits of lower fuel prices to the consumers.
Speaking to the media Minister of Transport and Civil Aviation Arjuna Ranatunga noted that all bus fares will be reduced by 4%. He noted that the minimum fare of Rs 12 will remain unchanged. He added that school service charges will reduce by 3% while the price charged for the 1st kilometer by three-wheelers will also be reduced by Rs 10. Ranatunga also noted that the prices charged by luxury and semi-luxury buses along the highways will also be reduced.