The cheapest and longest way to do it is with Perama or one of the other shuttle bus companies. and will be as you say from Rp150,000 - 200,000 per person. I know that in reverse (Kuta Lombok - Ubud) the pick up time is 9.30am and arrival time in Ubud about 5pm. Fastest way is to fly and it is still relatively cheap too. The distance between Ubud and Seminyak is approximately 30 km (18.6 mi). It usually takes about an hour to travel between the two places, but always allot extra time as the traffic can be quite bad in Bali.
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Munduk to Ubud: Ubud in central Bali is one of the top tourist destinations in Bali and widely considered to be the “cultural capital” of the island. It is famous for its lush cascading rice terraces in Tegallalang, Hindu shrines, jungle waterfalls and yoga retreats aplenty. Ubud is approximately 60 kilometres or two hours by car from Munduk.
Tibumana waterfall is located in central Bali, just a 30 minute drive from Ubud. The best way to get there is to rent a scooter or hire a private car and driver (both of these can be booked online). The road to Tibumana winds through some green rice fields and palm trees, so it’s a great scenic drive. The walk to the falls from the parking
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distance between bali and ubud