Apr 26, 2018

Rupee devalues while bus fares increase!

Based on the fuel pricing formula, in the event the price of diesel is increased by Rs. 5, bus fares would be increased by Rs one, said the All Island Private Bus Owners' Federation (AIPBOF).

According to AIPBOF Secretary Anjana Priyanjith, the devaluation of the rupee has directly impacted on the bus industry.