Govt. to introduce pricing formula for private transport

Monday, 12 March 2012 00:00 -     - {{hitsCtrl.values.hits}}

Private Transport Minister C.B. Ratnayake says measures are to be taken to control the charges of private transport modes like three-wheelers, taxis and school vans to prevent the private transport provides from overcharging commuters.

Explaining that private transport modes need to be regulated similar to private buses to safeguard the commuters, the Minister has said that a pricing formula would be introduced to the private transport systems.

According to the Minister, complaints have been received on the exorbitant charges levied by three wheelers and school vans, which are in excess to the amount the fuel prices have been increased. The Government initially decided to offer a fuel subsidy to three wheelers and school vans. However, the decision has now been reversed, the Minister has said.

This comes in the wake of reports that the Government is struggling to find adequate fuel supplies that could lead to more restrictions ahead of a reduction on fuel imports from Iran. The Government has already held discussions with Saudi Arabia and Oman in the hopes of increasing fuel imports but has not yet finalised any agreement.

The Government is also attempting to import oil through direct contracts with State agencies rather than middlemen.