Three wheelers to be sheltered from future fuel price increases

Three wheelers to be sheltered from future fuel price increases and three-wheeler leasing to be exempt from VAT. Three wheelers to be sheltered from future fuel price increases and three-wheeler leasing to be exempt from VAT. “About 200,000 three-wheeler operators carry one million passengers daily, occupying the least amount of road space and using the lowest volume of fuel,” said Minister Sarath Amunugama.

Three wheelers, said the Minister, generate self-employment, while providing affordable transport for one million people daily.

As a reward three-wheelers that are “facing hardship from recent fuel price increases,” will get government protection.

“The government decided to mitigate their burden from future price increases. In addition we propose to exempt leasing on three wheelers from VAT to reduce their cash flow problems,” said the Minister.

The government also proposes to offer concessionary funding for three wheelers willing to convert from petrol to gas.

-LBO Newsdesk: LBOEmail@vanguardlanka.com