THE Fiji Bus Operators Association (FBOA) has assured the public that there would be no further increases to bus fares despite the recent increase in the price of fuel.
This, president Victor Lal said was in line with the three-year price increase agreement the association had signed with the government in 2011.
He said under the agreement, the bus operators association could not pass on the costs to their passengers.
"Only if the price of oil increases to $US120 ($213.67) a barrel then will we be able to go and review the current agreement we have with government," he said.
He said since the agreement had been signed by the FBOA with the government, records showed fuel costs had increased by a net of 20 per cent.
"Currently, we are looking at ways to absorb these costs and also exploring other ways to manage them," he said.
Mr Lal said if the situation remained the same in three years, they would go back and review all the increases and decide on a fair pricing for the industries.
"We have a mechanism in place that will be reviewed when if things get worse and if things get really unbearable, we will have to go back to government," he said.
The new fuel price increase announced by government at the weekend came into effect yesterday.