Tag Archives: fare increase

DO YOU THINK THE 2.8% FARE HIKE IS A FAIR DEAL FOR SINGAPOREANS?

Earlier this month, Singaporeans were taken aback when we were told by the Public Transport Council (PTC) that there will be a fare hike of 2.8 per cent in April 2015. It was no surprise that it was met with public outcry when the fare adjustment did not tally with the price of crude oil which has plummeted from $110 a barrel to $45 a barrel. The question that we may be asking is whether the increase is justifiable after taking into account various factors such as wage level, inflation rate and energy cost - the metrics used in the fare formula. We shall look at some of the reasons that Singaporeans has voiced out.

Read More »

PUBLIC TRANSPORT FARES INCREASE BY 2.8% DESPITE CRASH IN FUEL PRICES

The Public Transport Council (PTC) announced an overall increase of 2.8% for public transportation starting April 2015. They did however maintain fares for senior citizens, and existing monthly travel concession prices will remain. The Transport Ministry separately announced on that fares for lower-wage workers and persons with disabilities will not increase, while the monthly concession pass for persons with disabilities will remain at S$60 per month.

Read More »

OIL PRICE PLUMMETS BY 29% BUT STILL LUI TUCK YEW ANNOUNCES FARE INCREASE OF 2.8%

Any increase in public transport fares next year will be lower than the original roll-over figure of 3.4 per cent. In an exclusive interview with Channel NewsAsia, Transport Minister Lui Tuck Yew said "the maximum that is allowed for this particular fare increase will be 2.8 per cent". This figure results from deducting the fare adjustment quantum of -0.6 per cent, which is due mainly to a drop in energy costs.

Read More »

‘Financially ailing’ bus sector to benefit more from fare hikes

More revenue from the transport fare hike will be channelled towards public bus operations than those of MRT trains — a move in line with the Fare Review Mechanism Committee’s recommendation to allow more fare revenue to benefit the “financially ailing” bus sector, said the Public Transport Council (PTC) yesterday. Bus operations will receive a S$48 million boost from the hike, while S$5.5 million will be allocated to MRT operations, under a new weightage in revenue allocation applied by the PTC.

Read More »

Five things to expect from the Public Transport Council announcement

The Public Transport Council (PTC) will announce its decision on fare adjustments for public transport on Thursday. Here's what you can expect from the announcement: 1. FARES TO RISE: Observers expect public fares to rise. The decision will combine the 2012 and 2013 annual fare adjustments with the maximum allowable increase at 6.6 per cent. Minister for Transport Lui Tuck Yew has said that any fare increase should not exceed last year's average wage rise, which has not been released yet.

Read More »