He said that the loss making SLTB incurs an additional loss of Rs.2.2 million per day.
Speaking at a media conference held at the Ministry of Transport Minister Welgama said the increase of price of diesel by Rs. 8 per liter is adversely felt and trying to conceal the hardship is futile.
However, according to the the price formula that has been agreed by the bus companies and owners, to raise bus fares the price of diesel should go up by 4%. Government raised diesel price by 3.2% only.
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